NOTES PAYABLE (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Notes Payable Details
Notes payable under venture loan	$ 18,000,000	$ 20,000,000
Unamortized related debt discountUnamortized 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

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Notes payable details abstract.

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No definition available.

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Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

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Amount, after accumulated amortization, of debt discount.

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Carrying value as of the balance sheet date of notes payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion.

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Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.

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Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer.

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