SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of summary of stock option activity

Following is a summary of stock option activity for the three months ended September 30, 2014 and 2013: 

	2014					2013
	Number of Shares			Weighted-Average Exercise Price		Number of Shares			Weighted-Average Exercise Price
Outstanding at beginning of period		165,002		$	2.40		292,504		$	2.35
Options granted		—			—		—			—
Options exercised		—			—		(804	)		1.80
Options canceled or expired		(8,334	)		5.58		(97,531	)		2.35
Outstanding at end of period		156,668		$	2.23		194,169		$	2.36
Stock Options Exercisable at September 30,		150,001		$	2.26		139,729		$	2.57

Schedule of options outstanding and options exercisable

Following is a summary of information regarding options outstanding and options exercisable at September 30, 2014:

	Options Outstanding								Options Exercisable
Range of Exercise Prices	Number Outstanding		Weighted-Avg. Remaining Contractual Life in Years		Weighted- Avg. Exercise Price		Aggregate. Intrinsic Value		Number Outstanding		Weighted-Avg. Remaining Contractual Life in Years		Weighted- Avg. Exercise Price		Aggregate. Intrinsic Value
$0 to 2.50		145,000		6.98	$	1.87	$	59,450		138,333		6.93	$	1.88	$	56,716
2.5 to 5.00		3,334		2.63		4.38		—		3,334		2.63		4.38		—
7.51 to 10.00		8,334		1.27		7.65		—		8,334		1.27		7.65		—
Total		156,668		6.58	$	2.23	$	59,450		150,001		6.52	$	2.26	$	56,716

Schedule of restricted share activity

The following is a summary of restricted share activity for the three months ended September 30, 2014 and 2013: 

	2014					2013
	Number of Shares			Weighted- Average Grant Date Fair Value		Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at beginning of period		13,333		$	1.73		32,500		$	1.73
Granted		—			—		—			—
Vested		(6,667	)		1.73		(9,166	)		1.73
Forfeited		—			—		(5,000	)		1.73
Outstanding at end of period		6,666		$	1.73		18,334		$	1.73