STOCK-BASED COMPENSATION ( Tables)

12 Months Ended

Jun. 30, 2015

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

In April 2014, the Company granted awards as follows:

	Number issued under the
	2006 Incentive		2014 Incentive		Total
Award Type	Stock Plan		Stock Plan		Awarded
Restricted share awards		13,310		65,260		78,570
Incentive stock options		36,802		128,258		165,060
Non-statutory stock options		-		57,771		57,771
		50,112		251,289		301,401

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

Information related to stock options for the years ended June 30, 2015 and 2014 is as follows:

					Weighted
			Weighted		Average
			Average		Remaining
			Exercise		Contractual
	Shares		Price		Term
Outstanding at June 30, 2013		227,626		17.54
Granted		222,831		11.33
Forfeited		—		—
Exercised		—		—
Outstanding at June 30, 2014		450,457		14.47
Granted		—		—
Forfeited		—		—
Exercised		—		—
Outstanding at June 30, 2015		450,457		14.47	5.1 years
Exercisable at June 30, 2015		272,192		16.52	2.7 years
Fair value of options			$	2.75

Schedule Of Share Based Compensation Unvested Stock Options Activity [Table Text Block]

A summary of the status of unvested stock options for the years ended June 30, 2015 and 2014 is as follows:

			Weighted
			Average
			Grant Date
	Shares		Fair Value
Outstanding at June 30, 2013		—		—
Granted		222,831		1.88
Vested		—		—
Forfeited		—		—
Outstanding at June 30, 2014		222,831		1.88
Granted		—		—
Vested		(44,566)		1.88
Forfeited		—		—
Outstanding at June 30, 2015		178,265		1.88

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

Information related to restricted stock grants for the years ended June 30, 2015 and 2014 is as follows:

			Weighted
			Average
			Grant Date
	Shares		Fair Value
Outstanding at June 30, 2013		—		—
Granted		78,570		11.33
Vested		—		—
Forfeited		—		—
Outstanding at June 30, 2014		78,570		11.33
Granted		—		—
Vested		(15,714)		11.33
Forfeited		—		—
Outstanding at June 30, 2015		62,856		11.33