PREFERRED STOCK - Preferred stock liquidation preference (Details) - Series A Preferred Stock - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Class Of Stock [Line Items]
Shares outstanding at $10.00 per share	$ 4,429,680	$ 4,429,680
Cumulative unpaid dividends	12,925,228	12,260,776
Preferred Stock liquidation preference	$ 17,354,908	$ 16,690,456