STOCK BASED COMPENSATION PLANS (Tables)

3 Months Ended

Sep. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock option granted weighted average assumptions

	Three months ended
	September 30,
	2015			2014
Expected volatility		63-66	%		79	%
Expected life		4 - 4.5 years			7 years
Expected dividends		0.00	%		0.00	%
Risk-free interest rate		1.34-1.49	%		2.04	%

Schedule of options outstanding

	2015						2014
	Options		Weighted  Average  Exercise Price		Weighted  Average Grant  Date Fair Value		Options		Weighted  Average  Exercise Price		Weighted  Average Grant  Date Fair Value
Options outstanding, beginning of period		538,888	$	1.86	$	1.33		120,000	$	2.05	$	1.49
Granted		119,586	$	3.38	$	1.77		328,888	$	1.80	$	1.27
Forfeited		-	$	-	$	-		-	$	-	$	-
Expired		-	$	-	$	-		-	$	-	$	-
Exercised		-	$	-	$	-		-	$	-	$	-
Options outstanding, end of period		658,474	$	2.14	$	1.41		448,888	$	1.87	$	1.33

Schedule of unvested options outstanding

	2015					2014
	Options			Weighted Average  Grant Date Fair  Value		Options		Weighted Average  Grant Date Fair  Value
Unvested options, beginning of period		505,553		$	1.32		120,000	$	1.49
Granted		119,586		$	1.77		328,888	$	1.27
Vested		(168,888	)	$	1.27		-	$	-
Forfeited		-		$	-		-	$	-
Unvested options, end of period		456,251		$	1.46		448,888	$	1.33

Schedule of common stock option activity

	September 30, 2015				June 30, 2015
	(unaudited)
Range of Exercise Prices	Options  Outstanding		Options  Exercisable		Options  Outstanding		Options  Exercisable
$1.62 to $1.68		75,000		-		75,000		-
$1.80		328,888		168,888		328,888		-
$2.05		100,000		33,335		100,000		33,335
$2.09		10,000		-		10,000		-
$2.75		25,000		-		25,000		-
$3.38		119,586		-		-		-
		658,474		202,223		538,888		33,335

Schedule of share based compensation arrangement by share based payment award, options outstanding and exercisable options

	September 30, 2015				June 30, 2015
	(unaudited)
($ in thousands except per share price and number of options)	Options  Outstanding		Options  Exercisable		Options  Outstanding		Options  Exercisable
Number of stock options		658,474		202,223		538,888		33,335
Weighted average exercise price	$	2.14	$	1.84	$	1.86	$	2.05
Aggregate intrinsic value	$	230	$	131	$	451	$	22
Weighted average contractual life		6.11		5.88		6.21		5.97
Share price	$	2.49	$	2.49	$	2.70	$	2.70

Schedule of nonvested share activity

	Shares			Weighted-Average  Grant-Date  Fair Value
Nonvested at June 30, 2015		18,604		$	1.88
Granted		131,558			3.04
Vested		(21,664	)		2.70
Nonvested at September 30, 2015		128,498		$	2.97