STOCK BASED COMPENSATION PLANS (Tables)

6 Months Ended

Dec. 31, 2015

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

Schedule of stock option granted weighted average assumptions

	Six months ended
	December 31,
	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

	For the three months ended December 31,
	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		658,474	$	2.14	$	1.41		448,888	$	1.87	$	1.33
Granted		-	$	-	$	-		-	$	-	$	-
Forfeited		-	$	-	$	-		-	$	-	$	-
Expired		-	$	-	$	-		-	$	-	$	-
Exercised		-	$	-	$	-		-	$	-	$	-
Options outstanding, end of period		658,474	$	2.14	$	1.41		448,888	$	1.87	$	1.33

	For the six months ended December 31,
	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

	For the three months ended December 31,
	2015					2014
	Options			Weighted Average Grant Date Fair Value		Options		Weighted Average Grant Date Fair Value
Unvested options, beginning of period		456,251		$	1.46		448,888	$	1.33
Granted		-		$	-		-	$	-
Vested		(60,000	)	$	1.27		-	$	-
Forfeited		-		$	-		-	$	-
Unvested options, end of period		396,251		$	1.49		448,888	$	1.33

	For the six months ended December 31,
	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		(228,888	)	$	1.27		-	$	-
Forfeited		-		$	-		-	$	-
Unvested options, end of period		396,251		$	1.49		448,888	$	1.33

Schedule of common stock option activity

	December 31, 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		228,888		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		262,223		538,888		33,335

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

	December 31, 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		262,223		538,888		33,335
Weighted average exercise price	$	2.14	$	1.83	$	1.86	$	2.05
Aggregate intrinsic value	$	619	$	328	$	451	$	22
Weighted average contractual life		5.86		5.63		6.21		5.97
Share price	$	3.08	$	3.08	$	2.70	$	2.70

Schedule of nonvested share activity

				Weighted-Average
				Grant-Date
	Shares			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
Granted		-			-
Vested		(7,396	)		3.38
Nonvested at December 31, 2015		121,102		$	2.94