FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

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

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

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

	For Year Ended
	June 30,
($ in thousands)	2017		2016
Beginning balance	$	(3,739)	$	(978)
Increase due to change in fair value of warrant liabilities		(1,490)		(5,674)
Reduction due to warrant exercises		5,229		2,913
Ending balance	$	—	$	(3,739)