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SUBSEQUENT EVENTS
9 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
10. SUBSEQUENT EVENTS
 
LINE OF CREDIT
 
In April 2015, the Company and the Bank entered into a Tenth Amendment to the Loan and Security Agreement to change, among other things, the definition of Required Minimum Liquidity for the month ended February 28, 2015.
 
COMMON STOCK
 
On May 4, 2015, based on performance of the Company’s Common Stock an additional 23,809 shares of Common Stock became vested under the CEO Incentive Plan, which was granted in September 2012. The $33,332 of expense associated with this vesting will be recorded in the quarter ending June 30, 2015.