SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Mar. 31, 2015

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 nine months ended March 31, 2015 and 2014:

	2015					2014
	Number of Shares			Weighted-Average Exercise Price		Number of Shares			Weighted-Average Exercise Price
Outstanding at July 1,		165,002		$	2.40		292,504		$	2.35
Options granted		—			—		—			—
Options exercised		(48,333	)		1.87		(4,695	)		1.96
Options forfeited		(10,001	)		4.94		(118,640	)		2.09
Outstanding at end of period		106,668		$	2.41		169,169		$	2.43
Stock Options Exercisable at March 31,		101,668		$	2.44		142,502		$	2.55

Schedule of options outstanding and options exercisable

Following is a summary of information regarding options outstanding and options exercisable at March 31, 2015:

		Options Outstanding								Options Exercisable
Range of Exercise Prices		Number Outstanding		Weighted- Avg. Remaining Contractual Life		Weighted- Avg. Exercise Price		Aggregate. Intrinsic Value		Number Outstanding		Weighted- Avg. Remaining Contractual Life		Weighted- Avg. Exercise Price		Average Intrinsic Value
	$0 to 2.50		95,000		6.64	$	1.88	$	17,100		90,000		6.59	$	1.89	$	15,300
	2.5  to 5.00		3,334		2.13		4.38		—		3,334		2.13		4.38		—
	7.51 to 10.00		8,334		0.77		7.65		—		8,334		0.77		7.65		—
	Total		106,668		6.04 years	$	2.41	$	17,100		101,668		5.97	$	2.44	$	15,300

Schedule of restricted share activity

The following is a summary of restricted share activity for the nine months ended March 31, 2015 and 2014:

	2015					2014
	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		(1,666	)		1.73		(8,334	)		1.73
Outstanding at end of period		5,000		$	1.73		15,000		$	1.73