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STOCK OPTIONS (Tables)
9 Months Ended
Mar. 31, 2018
Fair value weighted average assumptions
  Nine Months Ended
  March 31,
    2018        2017  
Expected volatility   47.29% to 104.94%     47.29% to 104.94%  
Risk-free interest rate   0.30% to 1.05%     0.30% to 1.05%  
Expected life (years)     2.50 – 3.25       2.50 – 3.25  
2017 Employee Plan [Member]  
Option activities
   Options  Weighted Average
Exercise
Price
  Weighted Average Remaining
Contractual
Term (Years)
  Aggregate
Intrinsic
Value
             
Outstanding at July 1, 2017   —     $—      —     $—   
Granted   60,000    5.98    4.98    —   
Exercised   —      —      —      —   
Forfeited or expired   —      —      —      —   
Outstanding at March 31, 2018   60,000    5.98    4.98    —   
Exercisable at March 31, 2018   60,000    5.98    4.98    —   
Company's non-vested employee stock options
    Options    

Weighted Average Grant-Date

Fair Value

 
             
Non-vested at July 1, 2017     -     $ -  
Granted     60,000       5.98  
Vested     (15,000 )     5.98  
Forfeited     -       -  
Non-vested at March 31, 2018     45,000     $ 3.83  
2007 Employee Plan [Member]  
Option activities
    Options    

Weighted Average

Exercise

Price

   

Weighted Average Remaining

Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

 
                         
Outstanding at July 1, 2017     127,500     $ 3.52       3.10     $ 187  
Granted     -       -       -       -  
Exercised     -       -       -       -  
Forfeited or expired     -       -       -       -  
Outstanding at March 31, 2018     127,500       3.52       2.35       285  
Exercisable at March 31, 2018     98,750       3.43       1.98       230  

 

    Options    

Weighted Average

Exercise

Price

   

Weighted Average Remaining

Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

 
                         
Outstanding at July 1, 2016     90,000     $ 3.26       3.42     $ 30  
Granted     37,500       4.14       5.00       -  
Exercised     -       -       -       -  
Forfeited or expired     -       -       -       -  
Outstanding at March 31, 2017     127,500     $ 3.52       3.35     $ 79  
Exercisable at March 31, 2017     79,375     $ 3.36       2.61     $ 62  

Company's non-vested employee stock options
    Options    

Weighted Average Grant-Date

Fair Value

 
             
Non-vested at July 1, 2017     48,125     $ 3.77  
Granted     -       -  
Vested     (19,375 )     (3.43 )
Forfeited     -       -  
Non-vested at March 31, 2018     28,750     $ 3.83  

 

    Options    

Weighted Average Grant-Date

Fair Value

 
             
Non-vested at July 1, 2016     38,750     $ 3.22  
Granted     37,500       4.14  
Vested     (28,125 )     (3.19 )
Forfeited     -       -  
Non-vested at March 31, 2017     48,125     $ 3.77  

2007 Directors Equity Incentive Plan [Member]  
Option activities
    Options    

Weighted Average

Exercise

Price

   

Weighted Average Remaining

Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

 
                         
Outstanding at July 1, 2017     415,000     $ 3.36       2.93     $ 673  
Granted     -       -       -       -  
Exercised     (20,000 )     2.59       -       -  
Forfeited or expired     (5,000 )     2.07       -       -  
Outstanding at March 31, 2018     390,000       3.41       2.30       911  
Exercisable at March 31, 2018     390,000       3.41       2.30       911  

 

    Options    

Weighted Average

Exercise

Price

   

Weighted Average Remaining

Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

 
                         
Outstanding at July 1, 2016     415,000     $ 3.14       3.29     $ 198  
Granted     50,000       4.14       5.00       -  
Exercised     -       -       -       -  
Forfeited or expired     (50,000 )     2.30       -       -  
Outstanding at March 31, 2017     415,000     $ 3.36       3.18     $ 325  
Exercisable at March 31, 2017     415,000     $ 3.36       3.18     $ 325  

2017 Directors Equity Incentive Plan [Member]  
Option activities
   Options  Weighted Average
Exercise
Price
  Weighted Average Remaining
Contractual
Term (Years)
  Aggregate
Intrinsic
Value
             
Outstanding at July 1, 2017   —     $—      —     $—   
Granted   80,000    5.98    4.98    —   
Exercised   —      —      —      —   
Forfeited or expired   —      —      —      —   
Outstanding at March 31, 2018   80,000    5.98    4.98    —   
Exercisable at March 31, 2018   80,000    5.98    4.98    —