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STOCK BASED COMPENSATION PLANS (Tables) | 3 Months Ended
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Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of stock option granted weighted average assumptions |
|  | Three months ended |
|  | September 30, |
|  | 2015 |  |  | 2014 |
Expected volatility |  |  | 63-66 | % |  |  | 79 | %
Expected life |  |  | 4 - 4.5 years |  |  |  | 7 years |
Expected dividends |  |  | 0.00 | % |  |  | 0.00 | %
Risk-free interest rate |  |  | 1.34-1.49 | % |  |  | 2.04 | %
Schedule of options outstanding |
|  | 2015 |  |  | 2014 |
|  | Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Grant Date Fair Value |  |  | Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Grant Date Fair Value |
Options outstanding, beginning of period |  |  | 538,888 |  |  | $ | 1.86 |  |  | $ | 1.33 |  |  |  | 120,000 |  |  | $ | 2.05 |  |  | $ | 1.49 |
Granted |  |  | 119,586 |  |  | $ | 3.38 |  |  | $ | 1.77 |  |  |  | 328,888 |  |  | $ | 1.80 |  |  | $ | 1.27 |
Forfeited |  |  | - |  |  | $ | - |  |  | $ | - |  |  |  | - |  |  | $ | - |  |  | $ | - |
Expired |  |  | - |  |  | $ | - |  |  | $ | - |  |  |  | - |  |  | $ | - |  |  | $ | - |
Exercised |  |  | - |  |  | $ | - |  |  | $ | - |  |  |  | - |  |  | $ | - |  |  | $ | - |
Options outstanding, end of period |  |  | 658,474 |  |  | $ | 2.14 |  |  | $ | 1.41 |  |  |  | 448,888 |  |  | $ | 1.87 |  |  | $ | 1.33 |
Schedule of unvested options outstanding |
|  | 2015 |  |  | 2014 |
|  | Options |  |  | Weighted Average Grant Date Fair Value |  |  | Options |  |  | Weighted Average Grant Date Fair Value |
Unvested options, beginning of period |  |  | 505,553 |  |  | $ | 1.32 |  |  |  | 120,000 |  |  | $ | 1.49 |
Granted |  |  | 119,586 |  |  | $ | 1.77 |  |  |  | 328,888 |  |  | $ | 1.27 |
Vested |  |  | (168,888 | ) |  | $ | 1.27 |  |  |  | - |  |  | $ | - |
Forfeited |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | - |
Unvested options, end of period |  |  | 456,251 |  |  | $ | 1.46 |  |  |  | 448,888 |  |  | $ | 1.33 |
Schedule of common stock option activity |
|  | September 30, 2015 |  |  | June 30, 2015 |
|  | (unaudited) |  |  |  |  |  |  |
Range of Exercise Prices |  | Options Outstanding |  |  | Options Exercisable |  |  | Options Outstanding |  |  | Options Exercisable |
$1.62 to $1.68 |  |  | 75,000 |  |  |  | - |  |  |  | 75,000 |  |  |  | - |
$1.80 |  |  | 328,888 |  |  |  | 168,888 |  |  |  | 328,888 |  |  |  | - |
$2.05 |  |  | 100,000 |  |  |  | 33,335 |  |  |  | 100,000 |  |  |  | 33,335 |
$2.09 |  |  | 10,000 |  |  |  | - |  |  |  | 10,000 |  |  |  | - |
$2.75 |  |  | 25,000 |  |  |  | - |  |  |  | 25,000 |  |  |  | - |
$3.38 |  |  | 119,586 |  |  |  | - |  |  |  | - |  |  |  | - |
|  |  | 658,474 |  |  |  | 202,223 |  |  |  | 538,888 |  |  |  | 33,335 |
Schedule of share based compensation arrangement by share based payment award, options outstanding and exercisable options |
|  | September 30, 2015 |  |  | June 30, 2015 |
|  | (unaudited) |  |  |  |  |  |  |
($ in thousands except per share price and number of options) |  | Options Outstanding |  |  | Options Exercisable |  |  | Options Outstanding |  |  | Options Exercisable |
Number of stock options |  |  | 658,474 |  |  |  | 202,223 |  |  |  | 538,888 |  |  |  | 33,335 |
Weighted average exercise price |  | $ | 2.14 |  |  | $ | 1.84 |  |  | $ | 1.86 |  |  | $ | 2.05 |
Aggregate intrinsic value |  | $ | 230 |  |  | $ | 131 |  |  | $ | 451 |  |  | $ | 22 |
Weighted average contractual life |  |  | 6.11 |  |  |  | 5.88 |  |  |  | 6.21 |  |  |  | 5.97 |
Share price |  | $ | 2.49 |  |  | $ | 2.49 |  |  | $ | 2.70 |  |  | $ | 2.70 |
Schedule of nonvested share activity |
|  |  | Shares |  |  | Weighted-Average Grant-Date Fair Value |
Nonvested at June 30, 2015 |  |  |  | 18,604 |  |  | $ | 1.88 |
Granted |  |  |  | 131,558 |  |  |  | 3.04 |
Vested |  |  |  | (21,664 | ) |  |  | 2.70 |
Nonvested at September 30, 2015 |  |  |  | 128,498 |  |  | $ | 2.97 |

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