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STOCKHOLDERS' EQUITY (Tables)
 9 Months Ended
Mar. 31, 2015
Statement of Stockholders' Equity [Abstract]  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
The following table sets forth changes in compensation-related restricted stock awards during nine months ended March 31, 2015:
 
 
 
 
 
 
 
 
 
Grant
 
 
 
 
 
 
 
 
 
Date
 
 
 
 
 
Fair Value
 
Fair
 
 
 
Number of
 
of
 
Value
 
 
 
Shares
 
Shares
 
Per share
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding (unvested) as of June 30, 2014
 
 
1,714,000
 
 
3,104,759
 
 
 
 
Granted
 
 
1,750,000
 
 
3,675,000
 
$
2.10
 
Forfeited
 
 
-
 
 
-
 
 
 
 
Vested
 
 
(1,463,500)
 
 
(4,150,995)
 
 
 
 
Outstanding (unvested) as of March 31, 2015
 
 
2,000,500
 
 
2,628,764