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SHARE-BASED COMPENSATION - Information about Options (Details) - Stock options - USD ($)
9 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Jun. 30, 2016
Jun. 30, 2015
Stock Options        
Number of options awarded (in shares) 199,618 30,000 183,860 476,106
Compensation expense recognized $ 146,000 $ 280,000 $ 352,653 $ 643,980
Weighted average grant-date fair value of options outstanding (in dollars per share) $ 4.06 $ 5.67 $ 5.03 $ 5.13