SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Sep. 30, 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 three months ended September 30, 2015 and 2014:

	2015			2014
	Number of Shares		Weighted-Average Exercise Price	Number of Shares		Weighted-Average  Exercise Price
Outstanding at beginning of period	106,668	$	2.41	165,002	$	2.40
Options granted	—		—	—		—
Options exercised	—		—	—		—
Options canceled or expired	—		—	(8,334)		5.58
Outstanding at end of period	106,668	$	2.41	156,668	$	2.23
Stock Options Exercisable at September 30,	106,668	$	2.41	150,001	$	2.26

Schedule of options outstanding and options exercisable

Following is a summary of information regarding options outstanding and options exercisable at September 30, 2015:

		Options Outstanding & Exercisable
Range of Exercise Prices	Number Outstanding		Weighted-Avg. Remaining Contractual Life in Years	Weighted- Avg. Exercise Price	Aggregate. Intrinsic Value
$0 to 2.50	95,000		6.14	$  1.88	$ 55,250
2.5  to 5.00	3,334		1.63	4.38	—
7.51 to 10.00	8,334		0.27	7.65	—
Total	106,668		5.54	$  2.41	$ 55,250

Schedule of restricted share activity

The following is a summary of restricted share activity for the three months ended September 30, 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	5,000	$	1.73	13,333	$	1.73
Granted	—		—	—		—
Vested	(5,000)		1.73	(6,667)		1.73
Forfeited	—		—	—		—
Outstanding at end of period	—	$	—	6,666	$	1.73