STOCK BASED COMPENSATION PLANS (Tables)

12 Months Ended

Jun. 30, 2016

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

Schedule of stock based compensation plans

Date Approved	Name of Plan	Type of Plan	Authorized Shares
June 2013	2013 Stock Incentive Plan	Stock		500,000
June 2014	2014 Stock Option Incentive Plan	Stock Options		750,000
June 2015	2015 Equity Incentive Plan	Stock & Stock Options		1,250,000
				2,500,000

Schedule of common stock for future issuance

Exercise of Common Stock Warrants	2,445,653
Conversions of Preferred Stock and cumulative Preferred Stock dividends	99,999
Issuance under 2013 Stock Incentive Plan	162,330
Issuance under 2014 Stock Option Incentive Plan	737,215
Issuance under 2015 Stock Incentive Plan	1,250,000
Issuance to former Chief Executive Officer upon the occurrence of a USA Transaction	140,000
Total shares reserved for future issuance	4,835,197

Schedule of stock option granted weighted average assumptions

	Year Ended		Year ended		Year ended
	June 30, 2016		June 30, 2015		June 30, 2014
Expected volatility		59-66%		78-79%		79%
Expected life		4.5 years		7 years		7 years
Expected dividends		0.00%		0.00%		0.00%
Risk-free interest rate		1.46-1.49%		1.59-2.04%		2.22%

Schedule of options outstanding

	For the Twelve Months Ended June 30,
	2016					2015					2014
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Outstanding options, beginning of period		538,888		$	1.32		120,000		$	1.49		-		-
Granted		199,586		$	1.63		438,888		$	1.30		120,000	$	1.49
Forfeited		(95,000	)	$	1.80		(20,000	)	$	1.49		-		-
Excercised		(33,333	)	$	1.27
Outstanding options, end of period		610,141		$	1.35		538,888		$	1.33		120,000	$	1.49

Schedule of information related to options

	Options Outstanding		Options Exercisable
Range of Exercise Prices	Options Outstanding	Remaining Contractual Life	Shares Exercisable	Remaining Contractual Life	Weighted Average Exercise Price
$1.62 to $1.68	75,000	5.51	25,002	5.51	1.65
$1.80	295,555	5.16	195,555	5.16	1.8
$2.05	100,000	4.97	66,670	4.97	2.05
$2.09	10,000	5.58	3,333	5.58	2.09
$2.75	25,000	5.77	8,333	5.77	2.75
$2.94	75,000	6.53	-	-	-
$3.38	29,586	6.06	-	-	-
	610,141	5.42	298,893	5.17	1.87

Schedule of unvested options

	For the Twelve Months Ended June 30,
	2016					2015					2014
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Unvested options, beginning of period		505,553		$	1.32		120,000		$	1.49		-		-
Granted		199,586		$	1.63		438,888		$	1.30		120,000	$	1.49
Vested		(298,891	)	$	1.31		(33,335	)	$	1.49		-		-
Forfeited		(95,000	)	$	1.80		(20,000	)	$	1.49		-		-
Unvested options, end of period		311,248		$	1.39		505,553		$	1.32		120,000	$	1.49

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

	As of June 30,
	2016				2015				2014
	Options Outstanding		Exercisable Options		Options Outstanding		Exercisable Options		Options Outstanding		Exercisable Options
Number		610,141		298,893		538,888		33,335		120,000		-
Weighted average exercise price	$	2.07	$	1.87	$	1.86	$	2.05	$	2.05		-
Aggregate intrinsic value	$	1,341,828	$	717,343	$	451,177	$	21,668	$	7,200		-
Weighted average contractual term	$	5.42		5.17		6.21		5.97		6.97		-
Share price as of June 30	$	4.27	$	4.27	$	2.70	$	2.70	$	2.11	$	2.11

Schedule of nonvested share activity

				Weighted-Average
				Grant-Date
	Shares			Fair Value
Nonvested at June 30, 2013		97,146		$	1.52
Granted		10,000			2.17
Vested		(55,001	)		1.62
Forfeited, Director changes		(3,334	)		0.94
Forfeited, Employee shares not earned		(5,000	)		1.52
Nonvested at June 30, 2014		43,811		$	1.59
Granted		155,927			2.00
Vested		(181,134	)		1.89
Nonvested at June 30, 2015		18,604		$	1.88
Granted		131,558			3.04
Vested		(21,664	)		2.70
Nonvested at June 30, 2016		128,498		$	2.97