INCOME TAXES - Summary of Benefit from income taxes (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Income before benefit from income taxes	$ (428,790)	$ 138,806	$ (708,776)	$ 855,474
Estimated annual effective tax rate		0.00%	64.00%	0.00%
Provision (benefit) for income taxes
Reversal of provision for income taxes recorded for the six months ended December 31, 2013		(13,823)
Benefit from reversal of valuation allowances		(26,713,897)		(26,713,897)
Benefit from income taxes	$ 137,820	$ (26,727,720)	$ 179,705	$ (26,713,897)	$ 27,255,398