NOTES PAYABLE (Tables)

3 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Notes Payable

	September 30, 2016			June 30, 2016
Notes payable under venture loan	$	19,000,000		$	20,000,000
Unamortized related debt discount	$	(275,386	)	$	(324,800	)
Unamortized debt issuance costs		(163,068	)		(193,655	)
Notes payable	$	18,561,546		$	19,481,545
Less: current portion		6,399,075			5,374,951
Long-term portion	$	12,162,471		$	14,106,594