ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2014

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Schedule of components of accumulated other comprehensive loss and related tax effects

The components of accumulated other comprehensive loss and related tax effects were as follows (in thousands):

	Gross Value			Tax Effect		Net of Tax  Value
Accumulated other comprehensive loss at June 30, 2012	$	—		$	—	$	—
Change in fair value of available-for-sale securities	94			—		94
Accumulated other comprehensive loss at June 30, 2013	$	94		$	—	$	94
Change in fair value of available-for-sale securities	(25		)	—		(25		)
Reclassification adjustment for realized losses included in net loss	(69		)	—		(69		)
Accumulated other comprehensive loss at June 30, 2014	$	—		$	—	$	—

Schedule of fair value of financial assets and liabilities by level on a recurring basis

The following table sets forth by level within the fair value hierarchy, our financial assets and liabilities (in thousands) that were accounted for at fair value on a recurring basis as of June 30, 2013:

	Carrying Value at		Fair Value Measurement at June 30, 2013
	June 30, 2013		Level 1		Level 2		Level 3
Assets:
Corporate debt securities	$	15,383	$	15,383	$	—	$	—