FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Schedule of fair value of financial instruments required to be measured at fair value

($ in thousands)
September 30, 2015 (unaudited)	Level 1		Level 2		Level 3		Total
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-	$	-	$	635	$	635

June 30, 2015	Level 1		Level 2		Level 3		Total
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-	$	-	$	978	$	978

Schedule of changes in fair value of the company's level 3 financial instruments

	Three months ended
($ in thousands)	September 30,
	2015			2014
Beginning balance	$	(978	)	$	(585	)
Gain due to change in fair value of warrant liabilities		343			310
Ending balance	$	(635	)	$	(275	)