SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2014

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of future amortization of intangible assets

As of June 30, 2014, future amortization of intangible assets is as follows (in thousands):

Year Ending  June 30,
2015	$	56
2016		56
2017		54
2018		52
2019		52
Thereafter		445
	$	715

Schedule of stock option valuation assumptions

The fair value of the Company’s stock options was estimated on the grant date using the Black-Scholes option-pricing model with the following assumptions:

	Year Ended June 30,
	2014			2013			2012
Weighted average risk-free interest rate		0.6	%		0.5	%		0.3	%
Weighted average expected volatility		52	%		58	%		66	%
Weighted average expected life (in years)		4.04			4.61			3.89
Dividend yield		-			-			-