UNAUTHORIZED TRANSACTION RELATED COSTS AND RECOVERIES UNAUTHORIZED TRANSACTION RELATED COSTS AND RECOVERIES (Notes)

9 Months Ended

Mar. 31, 2016

Unauthorized Transaction Related Costs and Recoveries [Abstract]

Unauthorized Transaction Related Costs and Recoveries [Text Block]

UNAUTHORIZED TRANSACTION RELATED COSTS AND RECOVERIES

In December 2009, the Company learned of significant unauthorized transactions as previously reported. The Company has ongoing costs and recoveries associated with the unauthorized transactions. For the three and nine months ended March 31, 2016 and 2015, the costs incurred were for legal fees related to claims initiated against third parties (see Note 11). In the three months ended March 31, 2016, the Company had net recoveries as a result of settling one of its claims for a gross amount of $3,000,000. For the three and nine months ended March 31, 2016 and 2015, the costs and recoveries were as follows:

	Three Months Ended						Nine Months Ended
	March 31						March 31
	2016			2015			2016			2015
Legal fees incurred	$	1,639,074		$	37,500		$	1,714,074		$	114,992
Gross proceeds from the settlement of the third party lawsuit	(3,000,000		)	—			(3,000,000		)	—
Proceeds from asset forfeitures	(25		)	(36,422		)	(75		)	(36,422		)
Unauthorized transaction related costs (recoveries), net	$	(1,360,951	)	$	1,078		$	(1,286,001	)	$	78,570