STOCK BASED COMPENSATION PLANS (Tables)

9 Months Ended

Mar. 31, 2016

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

Schedule of stock option granted weighted average assumptions

	Nine months ended
	March 31,
	2016	2015
Expected volatility	59-66%	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 March 31,
	2016							2015
	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		75,000		$	2.94	$	1.43		85,000	$	1.70	$	1.19
Forfeited		(90,000	)	$	3.38	$	1.81		-	$	-	$	-
Expired		-		$	-	$	-		-	$	-	$	-
Exercised		(33,333	)	$	1.80	$	1.27		-	$	-	$	-
Options outstanding, end of period		610,141		$	2.07	$	1.36		533,888	$	1.84	$	1.31

	For the nine months ended March 31,
	2016							2015
	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		194,586		$	3.21	$	1.64		413,888	$	1.78	$	1.25
Forfeited		(90,000	)	$	3.38	$	1.81		-	$	-	$	-
Expired		-		$	-	$	-		-	$	-	$	-
Exercised		(33,333	)	$	1.80	$	1.27		-	$	-	$	-
Options outstanding, end of period		610,141		$	2.07	$	1.36		533,888	$	1.84	$	1.31

Schedule of unvested options outstanding

	For the three months ended March 31,
	2016					2015
	Options			Weighted  Average Grant Date Fair Value		Options		Weighted  Average Grant  Date Fair Value
Unvested options, beginning of period		396,251		$	1.49		448,888	$	1.33
Granted		75,000		$	1.43		-	$	-
Vested		(28,335	)	$	1.27		-	$	-
Forfeited		(90,000	)	$	1.81		-	$	-
Unvested options, end of period		352,916		$	1.41		448,888	$	1.33

	For the nine months ended March 31,
	2016					2015
	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		194,586		$	1.64		328,888	$	1.27
Vested		(257,223	)	$	1.26		-	$	-
Forfeited		(90,000	)	$	1.81		-	$	-
Unvested options, end of period		352,916		$	1.41		448,888	$	1.33

Schedule of common stock option activity

	March 31, 2016				June 30, 2015
	(unaudited)
Range of Exercise Prices	Options Outstanding		Options Exercisable		Options Outstanding		Options Exercisable
$1.62 to $1.68		75,000		25,002		75,000		-
$1.80		295,555		195,555		328,888		-
$2.05		100,000		33,335		100,000		33,335
$2.09		10,000		3,333		10,000		-
$2.75		25,000		-		25,000		-
$2.94		75,000		-
$3.38		29,586		-		-		-
		610,141		257,225		538,888		33,335

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

	March 31, 2016				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		610,141		257,225		538,888		33,335
Weighted average exercise price	$	2.07	$	1.82	$	1.86	$	2.05
Aggregate intrinsic value	$	1,389	$	653	$	451	$	22
Weighted average contractual life		5.66		4.79		6.21		5.97
Share price	$	4.36	$	4.36	$	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
Granted		-			-
Vested		-			-
Nonvested at March 31, 2016		121,102		$	2.94