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STOCK BASED COMPENSATION PLANS - Summary of options outstanding (Details 1) - Stock options - $ / shares
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Shares        
Options outstanding, beginning of period 658,474 448,888 538,888 120,000
Granted 75,000 85,000 194,586 413,888
Forfeited (90,000) (90,000)
Expired
Exercised (33,333) (33,333)
Options outstanding, end of period 610,141 533,888 610,141 533,888
Weighted-Average Exercise Price        
Options outstanding, beginning of period $ 2.14 $ 1.87 $ 1.86 $ 2.05
Granted 2.94 $ 1.70 3.21 $ 1.78
Forfeited $ 3.38 $ 3.38
Expired
Exercised $ 1.80 $ 1.80
Options outstanding, end of period 2.07 $ 1.84 2.07 $ 1.84
Weighted Average Grant Date Fair Value        
Options outstanding, beginning of period 1.41 1.33 1.33 1.49
Granted 1.43 $ 1.19 1.64 $ 1.25
Forfeited $ 1.81 $ 1.81
Expired
Exercised $ 1.27 $ 1.27
Options outstanding, end of period $ 1.36 $ 1.31 $ 1.36 $ 1.31