STOCK BASED COMPENSATION PLANS - Summary of options outstanding (Details 3) - Stock options - $ / shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Shares
Options outstanding, beginning of period	120,000		45,333
Granted	438,888	120,000
Forfeited	(20,000)
Expired			(45,333)
Exercised
Options outstanding, end of period	538,888	120,000
Weighted-Average Exercise Price
Options outstanding, beginning of period	$ 2.05		$ 7.53
Granted	1.82	$ 2.05
Forfeited	$ 2.05
Expired			$ 7.53
Exercised
Options outstanding, end of period	$ 1.86	$ 2.05
Weighted Average Grant Date Fair Value
Options outstanding, beginning of period	1.49		$ 5.34
Granted	1.30	$ 1.49
Forfeited	$ 1.49
Expired			$ 5.34
Exercised
Options outstanding, end of period	$ 1.33	$ 1.49