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STOCK BASED COMPENSATION PLANS - Options outstanding and exercisable (Details 6) - Stock options - USD ($)
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number, Options Outstanding 538,888 120,000 45,333
Number, Exercisable Options 33,335  
Weighted average exercise price, Options Outstanding $ 1.86 $ 2.05 $ 7.53
Weighted average exercise price, Exercisable Options $ 2.05  
Aggregate intrinsic value, Options Outstanding $ 451,177 $ 7,200  
Aggregate intrinsic value, Exercisable Options $ 21,668  
Weighted average contractual term, Options Outstanding 6 years 2 months 16 days 6 years 11 months 19 days    
Weighted average contractual term, Exercisable Options 5 years 11 months 19 days      
Share price of option outstanding and exercisable as of June 30 $ 2.70 $ 2.11 $ 1.74