INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The income tax provision in 2015 and 2014 consisted of the following: 

Year Ended June 30,	2015			2014
Current:
Federal	$	(100,126	)	$	(1,863,204	)
State	(167,282		)	69,984
Deferred	284,783			(2,608,369		)
Total income tax provision (benefit)	$	17,375		$	(4,401,589	)

Schedule of Effective Income Tax Rate Reconciliation

The 2015 and 2014 tax results in an effective rate different than the federal statutory rate because of the following: 

Year Ended June 30,	2015			2014
Federal income tax expense (benefit) at statutory rate	$	169,996		$	(3,382,307	)
State income tax expense (benefit), net of federal income tax benefit	(21,442		)	(285,802		)
Increase in valuation allowance	—			148,000
Stock-based compensation	53,596			58,187
Adjustments for unrecognized tax benefits	(175,000		)	(546,113		)
Federal income tax credits	—			(187,349		)
Other	(9,775		)	(206,205		)
Total income tax provision (benefit)	$	17,375		$	(4,401,589	)

Schedule of Deferred Tax Assets and Liabilities

Temporary differences which give rise to deferred income tax assets and liabilities at June 30, 2015 and June 30, 2014 include: 

	2015			2014
Deferred income tax assets:
Deferred compensation	$	835,270		$	858,434
Stock-based compensation	889,325			714,350
Accrued expenses and reserves	2,075,601			2,701,144
Federal and state net operating loss carryforwards	463,237			371,744
Valuation allowance	(370,409		)	(370,409		)
Equipment and leasehold improvements	11,566			—
Other	14,650			22,806
Total deferred income tax assets	3,919,240			4,298,069
Deferred income tax liabilities:
Equipment and leasehold improvements	—			(98,717		)
Other	(4,671		)	—
Net deferred income tax assets	$	3,914,569		$	4,199,352

Deferred Tax Assets as Presented on Consolidated Balance Sheets

Deferred income tax assets as presented on the consolidated balance sheets: 

	2015		2014
Current deferred income tax assets	$	2,045,316	$	2,576,023
Noncurrent deferred income tax assets	1,869,253		1,623,329
Net deferred income tax assets	$	3,914,569	$	4,199,352

Accrued Interest, Tax Position, Unauthorized Transactions

As part of the unauthorized transactions, there was no interest accrued by the Company as of June 30, 2015 and 2014, respectively. 

	2015		2014
Accrued interest at beginning of year	$	—	$	49,150
Interest charges to expense	—		24,575
Interest charges reversed	—		(73,725		)
Accrued interest at end of year	$	—	$	—

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	2015			2014
Unrecognized tax benefits at beginning of year	$	175,000		$	696,113
Gross increases - tax positions in prior years	—			25,000
Reductions due to lapse in statute	—			(546,113		)
Reductions based on settlements with taxing authorities	(175,000		)	—
Unrecognized tax benefits at end of year	$	—		$	175,000

Summary of Valuation Allowance

The following are the changes in the valuation allowance: 

Year Ended June 30,	Balance, beginning of year			Increase in valuation allowance		Release of valuation allowance	Balance, end of year
2015	$	(370,409	)	—		—	$	(370,409	)
2014	$	(222,409	)	(148,000	)	—	$	(370,409	)