FAIR VALUE OF FINANCIAL INSTRUMENTS (10K) (Tables)

9 Months Ended

12 Months Ended

Mar. 31, 2017

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of fair value of financial instruments required to be measured at fair value

($ in thousands) June 30, 2016	Level 1		Level 2			Level 3			Total
Common stock warrant liability, 2.2 million warrants exercisable at $2.6058 from September 17, 2011 through September 17, 2016	$	-		$	-		$	3,739		$	3,739

June 30, 2015	Level 1		Level 2		Level 3		Total
Common stock warrant liability, 3.9 million warrants exercisable at $2.6058 from September 17, 2011 through September 17, 2016	$	-	$	-	$	978	$	978

Schedule of changes in fair value of the company's level 3 financial instruments

	Three months ended March 31,						Nine months ended March 31,
($ in thousands)	2017		2016				2017				2016
Beginning balance	$	—		$	(1,865	)		$	(3,739	)		$	(978	)
Increase due to change in fair value of warrant liabilities		—			(4,805	)			(1,490	)			(5,692	)
Reclass of fair value of warranty liability to common stock upon exercise of warrants		—			706				5,229				706
Ending balance	$	—		$	(5,964	)		$	—			$	(5,964	)

($ in thousands)	For Year Ended June 30,
	2016				2015
Beginning balance		$	(978	)		$	(585	)
Increase due to change in fair value of warrant liabilities			(5,674	)			(393	)
Reduction due to warrant exercises			2,913				-
Ending balance		$	(3,739	)		$	(978	)