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STOCK BASED COMPENSATION PLANS - Information about unvested options (Details 5) - Stock options - $ / shares
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Shares      
Unvested options, beginning of period 120,000
Granted 438,888 120,000
Vested (33,335)
Forfeited (20,000)
Unvested options, end of period 505,553 120,000
Weighted Average Grant Date Fair Value      
Unvested options, beginning of period $ 1.49
Granted 1.30 $ 1.49
Vested 1.49
Forfeited 1.49
Unvested options, end of period $ 1.32 $ 1.49