NOTES PAYABLE AND LONG-TERM DEBT (Tables)

9 Months Ended

Mar. 31, 2017

NOTES PAYABLE AND LONG-TERM DEBT [Abstract]

Schedule of long-term debt

At March 31, 2017, long-term debt consisted of the following (in thousands):

Non-interest bearing, unsecured note payable assumed in acquisition (See Note 13), monthly payments of $7; maturing September 2018.	$	125
Term loan, bearing interest at 3.48%, monthly payments of $43; maturing March 2022.		2,600
Total long-term debt		2,725
Less:  current portion		604
Long-term debt, net of current portion	$	2,121

Schedule of payments due on long-term debt

Payments due on long-term debt during each of the five years subsequent to March 31, 2017 are as follows (in thousands):

Twelve Months Ending March 31,
2018	$	604
2019		561
2020		520
2021		520
2022		520
	$	2,725