SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Mar. 31, 2017

Share-based Compensation [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the options is presented in the table below:

			Weighted Average
	Shares		Exercise Price
Options outstanding, as of June 30, 2016		66,000	$	6.88
Granted		950,000		2.78
Exercised		(75,000)		1.1
Cancelled, forfeited or expired		(800,000)		3.1
Options outstanding, as of March 31, 2017		141,000	$	3.81
Options exercisable, as of March 31, 2017		64,000	$	7.03

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The following is a summary of the status of options outstanding and exercisable at March 31, 2017:

Outstanding Options					Exercisable Options
Exercise Price		Number		Average Remaining Contractual Life	Average Exercise Price		Number		Average Remaining Contractual Life
$	7.75		56,000	1.13 years	$	7.75		56,000	1.13 years
$	2.01		10,000	5.84 years	$	2.01		8,000	5.84 years
$	1.10		75,000	4.32 years	$	-		-	-
			141,000					64,000

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

The following is a summary of the status of warrants outstanding and exercisable at March 31, 2017:

Warrants Outstanding	Warrants Exercisable		Weighted Average  Exercise Price		Average Remaining Contractual Life
139,032		139,032	$	9.30	1.13 years