QUARTERLY RESULTS (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2015	Jun. 30, 2014
Selected unaudited quarter data
Depreciation	$ 33	$ 49	$ 69	$ 86	$ 82	$ 97	$ 111	$ 110	$ 237	$ 400
General and Administrative and Other Operating Expense	2,841	2,721	3,633	3,962	6,732	8,095	8,262	4,368	13,157	27,457
Gain on legal settlement					(10,734)					(10,734)
Loss from operations	(2,874)	(2,770)	(3,702)	(4,048)	3,920	(8,192)	(8,373)	(4,478)	$ (13,394)	$ (17,123)
Net income (loss)	$ (2,874)	$ (2,770)	$ (3,701)	$ (4,047)	$ 3,925	$ (8,235)	$ (8,353)	$ (4,454)
Basic and diluted income (loss) per common share: (in dollars per share)	$ 0.14	$ (0.13)	$ (0.18)	$ (0.19)	$ 0.19	$ (0.39)	$ (0.40)	$ (0.21)	$ (0.64)	$ (0.81)