INCOME TAXES - Summary of reconciliation of the benefit (provision) for income taxes (Details 1) - USD ($)	12 Months Ended
Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Income Tax Disclosure [Abstract]
Indicated benefit (provision) at federal statutory rate of 34%	$ 272,116	$ (93,586)	$ (299,801)
Effects of permanent differences	(215,271)	(8,168)	71,379
State income taxes, net of federal benefit	(410,410)	(17,989)	(4,490)
Income tax credits	40,000
Changes related to prior years	187,373
Change in valuation allowances	(162,949)	27,375,141	205,266
Benefit (provision) for income taxes	$ (289,141)	$ 27,255,398	$ (27,646)

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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets.

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