INCOME TAXES (Tables)

3 Months Ended

Sep. 30, 2015

Income Tax Disclosure [Abstract]

Schedule of income tax benefit in the provision for income taxes

	2015			2014
Federal statutory rate		34	%		34	%
Effects of permanent differences		2	%		14	%
State income taxes, net of federal benefit		3	%		8	%
Subtotal		39	%		56	%
Change in fair value of warrant liabilities treated discretely		-32	%		29	%
Other		-			1	%
		7	%		86	%

Schedule of deferred tax assets and liabilities

($ in thousands)	September 30,		June 30,
	2015		2015
	(unaudited)
Deferred Tax Assets:
Current	$	1,258	$	1,258
Long-Term		25,761		25,788
	$	27,019	$	27,046