FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

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

($ in thousands)
December 31, 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	$	-	$	-	$	1,865	$	1,865

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)	December 31,
	2015			2014
Beginning balance	$	(635	)	$	(275	)
Gain due to change in fair value of warrant liabilities		(1,230	)		135
Ending balance	$	(1,865	)	$	(140	)

	Six months ended
($ in thousands)	December 31,
	2015			2014
Beginning balance	$	(978	)	$	(585	)
Gain due to change in fair value of warrant liabilities		(887	)		445
Ending balance	$	(1,865	)	$	(140	)