NOTES PAYABLE AND LONG-TERM DEBT (Tables)

12 Months Ended

Jun. 30, 2017

NOTES PAYABLE AND LONG-TERM DEBT [Abstract]

Schedule of long-term debt

At June 30, 2017, long-term debt consisted of the following (in thousands):

Non-interest bearing, unsecured note payable assumed in acquisition (See Note 12), monthly payments of $7; maturing September 2018.	$	104
Term loan, bearing interest at 3.63%, monthly payments of $43; maturing March 2022.		2,499
Total long-term debt		2,603
Less:  current portion		601
Long-term debt, net of current portion	$	2,002

Schedule of payments due on long-term debt

Payments due on long-term debt during each of the five years subsequent to June 30, 2017 are as follows (in thousands):

Twelve Months Ending June 30,
2018	$	601
2019		537
2020		517
2021		517
2022		431
	$	2,603