NOTES PAYABLE (Tables)

6 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Notes Payable

	December 31, 2016			June 30, 2016
Notes payable under venture loan	$	18,000,000		$	20,000,000
Unamortized related debt discount	$	(228,121	)	$	(324,800	)
Unamortized debt issuance costs		(134,159	)		(193,655	)
Notes payable	$	17,637,720		$	19,481,545
Less: current portion		7,427,445			5,374,951
Long-term portion	$	10,210,275		$	14,106,594