COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Jun. 30, 2014

COMMITMENTS AND CONTINGENCIES

Schedule by years of minimum future rental payments required under operating leases that have initial or remaining noncancellable lease terms in excess of one year

The following is a schedule by years of minimum future rental payments required under operating leases that have initial or remaining noncancellable lease terms in excess of one year as of June 30, 2014 (in thousands):

Years ending June 30:
2015	328
2016	386
2017	392
2018	399
2019 and thereafter	715
Total minimum payments required	$	2,220