COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Dec. 31, 2015

COMMITMENTS AND CONTINGENCIES

Schedule by years of minimum future rental payments required under operating leases that have initial or remaining non-cancellable 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 non-cancellable lease terms in excess of one year as of December 31, 2015 (in thousands):

Years ending June 30:
2016	$	194
2017	392
2018	399
2019	406
2020 and thereafter	309
Total minimum payments required	$	1,700