FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of common stock warrants	$ 5,964	$ 978
Number of common stock called by warrants	3,400,000	3,900,000
Number of warrants exercised	500,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of common stock warrants	$ 5,964	$ 978
Number of common stock called by warrants	3,400,000	3,900,000