STOCK BASED COMPENSATION PLANS (10K) (Tables)

9 Months Ended

12 Months Ended

Mar. 31, 2017

Jun. 30, 2016

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

Schedule of stock based compensation plans

Date Approved	Name of Plan	Type of Plan	Authorized Shares
June 2013	2013 Stock Incentive Plan	Stock		500,000
June 2014	2014 Stock Option Incentive Plan	Stock Options		750,000
June 2015	2015 Equity Incentive Plan	Stock & Stock Options		1,250,000
				2,500,000

Schedule of common stock for future issuance

Exercise of Common Stock Warrants	2,445,653
Conversions of Preferred Stock and cumulative Preferred Stock dividends	99,999
Issuance under 2013 Stock Incentive Plan	162,330
Issuance under 2014 Stock Option Incentive Plan	737,215
Issuance under 2015 Stock Incentive Plan	1,250,000
Issuance to former Chief Executive Officer upon the occurrence of a USA Transaction	140,000
Total shares reserved for future issuance	4,835,197

Schedule of stock option granted weighted average assumptions

	Nine months ended March 31,
	2017			2016
Expected volatility		49 - 50	%		59 - 66	%
Expected life	3 - 4 years			4 - 4.5 years
Expected dividends		—	%		—	%
Risk-free interest rate		1.06 - 1.90	%		1.34 - 1.49	%
Number of options granted		125,080			194,586
Weighted average exercise price	$	4.17		$	3.21
Weighted average grant date fair value	$	1.68		$	1.64

	Year Ended June 30, 2016			Year ended June 30, 2015			Year ended June 30, 2014
Expected volatility		59-66	%		78-79	%		79	%
Expected life	4.5 years			7 years			7 years
Expected dividends		0.00	%		0.00	%		0.00	%
Risk-free interest rate		1.46-1.49	%		1.59-2.04	%		2.22	%

Schedule of options outstanding

	For the Twelve Months Ended June 30,
	2016						2015						2014
	Shares			Weighted Average Grant Date Fair Value			Shares			Weighted Average Grant Date Fair Value			Shares		Weighted Average Grant Date Fair Value
Outstanding options, beginning of period		538,888			$	1.32		120,000			$	1.49		-			-
Granted		199,586			$	1.63		438,888			$	1.30		120,000		$	1.49
Forfeited		(95,000	)		$	1.80		(20,000	)		$	1.49		-			-
Excercised		(33,333	)		$	1.27
Outstanding options, end of period		610,141			$	1.35		538,888			$	1.33		120,000		$	1.49

Schedule of information related to options

		Options Outstanding				Options Exercisable
Range of Exercise Prices		Options Outstanding		Remaining Contractual Life		Shares Exercisable		Remaining Contractual Life		Weighted Average Exercise Price
$	1.62 to $1.68		75,000		5.51		25,002		5.51		1.65
$	1.80		295,555		5.16		195,555		5.16		1.8
$	2.05		100,000		4.97		66,670		4.97		2.05
$	2.09		10,000		5.58		3,333		5.58		2.09
$	2.75		25,000		5.77		8,333		5.77		2.75
$	2.94		75,000		6.53		-		-		-
$	3.38		29,586		6.06		-		-		-
			610,141		5.42		298,893		5.17		1.87

Schedule of unvested options

	For the Twelve Months Ended June 30,
	2016						2015						2014
	Shares			Weighted Average Grant Date Fair Value			Shares			Weighted Average Grant Date Fair Value			Shares		Weighted Average Grant Date Fair Value
Unvested options, beginning of period		505,553			$	1.32		120,000			$	1.49		-			-
Granted		199,586			$	1.63		438,888			$	1.30		120,000		$	1.49
Vested		(298,891	)		$	1.31		(33,335	)		$	1.49		-			-
Forfeited		(95,000	)		$	1.80		(20,000	)		$	1.49		-			-
Unvested options, end of period		311,248			$	1.39		505,553			$	1.32		120,000		$	1.49

Schedule of share based compensation arrangement by share based payment award, options outstanding and exercisable options

	As of June 30,
	2016						2015						2014
	Options Outstanding			Exercisable Options			Options Outstanding			Exercisable Options			Options Outstanding			Exercisable Options
Number			610,141			298,893			538,888			33,335			120,000			-
Weighted average exercise price		$	2.07		$	1.87		$	1.86		$	2.05		$	2.05			-
Aggregate intrinsic value		$	1,341,828		$	717,343		$	451,177		$	21,668		$	7,200			-
Weighted average contractual term		$	5.42			5.17			6.21			5.97			6.97			-
Share price as of June 30		$	4.27		$	4.27		$	2.70		$	2.70		$	2.11		$	2.11

Schedule of nonvested share activity

	Shares			Weighted-Average Grant-Date Fair Value
Nonvested at June 30, 2013		97,146		$	1.52
Granted		10,000			2.17
Vested		(55,001	)		1.62
Forfeited, Director changes		(3,334	)		0.94
Forfeited, Employee shares not earned		(5,000	)		1.52
Nonvested at June 30, 2014		43,811		$	1.59
Granted		155,927			2.00
Vested		(181,134	)		1.89
Nonvested at June 30, 2015		18,604		$	1.88
Granted		131,558			3.04
Vested		(21,664	)		2.70
Nonvested at June 30, 2016		128,498		$	2.97