PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Prepaid Expenses And Other Current Assets Details
Clinical study costs	$ 643,429	$ 1,146,975
Deferred financing costs	29,619	23,010
Other	165,212	143,856
Total prepaid expenses and other current assets	$ 838,260	$ 1,313,841