INCOME TAXES - Summary of benefit (provision) for income taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Current:
Federal	$ (58,028)	$ (21,021)
State	(6,325)
Current income tax (expense) benefit	(64,353)	(21,021)
Deferred:
Federal	365,143	20,970,149	$ (20,842)
State	(589,931)	6,306,270	(6,804)
Deferred tax (expense) benefit	(224,788)	27,276,419	(27,646)
Benefit (provision) for income taxes	$ (289,141)	$ 27,255,398	$ (27,646)