SUBSEQUENT EVENT

3 Months Ended

Sep. 30, 2015

Subsequent Events [Abstract]

Subsequent Events [Text Block]

16. SUBSEQUENT EVENT

On October 11, 2015, the Company's Board of Directors approved the implementation of a stock repurchase program. The Company has commenced open market purchases under the share repurchase program announced on October 13, 2015. During the period from October 22, 2015 to November 12, 2015, the Company repurchased 12,266 shares traded at an average price of $0.8319 per share. Pursuant to the stock repurchase program, the Company plans to repurchase up to $100,000 of its common stock during the quarter ending December 31, 2015 and to dedicate between 10% and 15% of its quarterly net income to repurchase stock thereafter during the term of the program. The repurchase program is expected to terminate twelve months after its commencement on October 11, 2015.