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STOCK-BASED COMPENSATION (Details Textual) - USD ($)
1 Months Ended 12 Months Ended
May 20, 2008
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross   0 0  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance   $ 6.88 $ 6.88 $ 6.88
Deferred Compensation Equity   $ 3,880 $ 7,760  
Amortization of Stock Options   $ 3,880 $ 3,880  
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights   The options will vest at a rate of 20% per year, with 20% vesting initially when granted    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period 139,032      
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 9.30      
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms 10 years 10 years    
2013 Options [Member] | Audit Committee [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross   10,000    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance   $ 2.01