INCOME TAXES	6 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	9. INCOME TAXES For the three and six months ended December 31, 2016, income tax benefits of $0 and $0.1 million, respectively, (substantially all deferred income taxes) were recorded. The benefits are based upon income (loss) before income taxes using an estimated annual effective income tax rate of 30% for the fiscal year ending June 30, 2017. However, such benefits actually calculated have been limited to $0.1 million pending the materialization of additional income before income taxes resulting in an increase of $0.03 million in valuation allowances for the calculated additional benefits. The benefits for the six months ended December 31, 2016 were reduced by a provision for the tax effect of the change in the fair value of warrant liabilities which was treated discretely. All of those warrants were exercised as of September 30, 2016. For the three and six months ended December 31, 2015, income tax provisions of $0.2 million were recorded (substantially all deferred income taxes). The provisions consist of the tax effect of the change in the fair value of warrant liabilities which was treated discreetly offset by a tax benefit based upon loss before provision before income taxes using an estimated annual effective income tax rate of 41% for the fiscal year ending June 30, 2016.

INCOME TAXES

6 Months Ended

Dec. 31, 2016

9. INCOME TAXES

For the three and six months ended December 31, 2016, income tax benefits of $0 and $0.1 million, respectively, (substantially all deferred income taxes) were recorded. The benefits are based upon income (loss) before income taxes using an estimated annual effective income tax rate of 30% for the fiscal year ending June 30, 2017. However, such benefits actually calculated have been limited to $0.1 million pending the materialization of additional income before income taxes resulting in an increase of $0.03 million in valuation allowances for the calculated additional benefits. The benefits for the six months ended December 31, 2016 were reduced by a provision for the tax effect of the change in the fair value of warrant liabilities which was treated discretely. All of those warrants were exercised as of September 30, 2016.

For the three and six months ended December 31, 2015, income tax provisions of $0.2 million were recorded (substantially all deferred income taxes). The provisions consist of the tax effect of the change in the fair value of warrant liabilities which was treated discreetly offset by a tax benefit based upon loss before provision before income taxes using an estimated annual effective income tax rate of 41% for the fiscal year ending June 30, 2016.