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CONVERTIBLE DEBT (Tables)
12 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Schedule of convertible debt

    As of June 30,  
    2017     2016  
Convertible security, current portion   $ 2,161     $  
                 
Convertible notes     592       475  
Convertible security     1,304       5,991  
Total convertible debt, net of current portion   $ 1,896     $ 6,466  

 

Schedule of components of convertible debt
  The following table discloses the components associated with this transaction on the closing date:

 

    Convertible Notes  
Face value of Notes on closing   $ 800  
Less:        
Transaction costs     (47 )
Conversion component     (360 )
Convertible notes, opening balance   $ 393  
Schedule of changes in the notes balance
Changes in the Notes balance are comprised of the following:

 

    Convertible Notes  
Notes, balance on closing   $ 393  
Accreted interest, net of interest paid     82  
Balance, June 30, 2016     475  
Accreted interest, net of interest paid     117  
Balance, June 30, 2017   $ 592  
Schedule of derivative liability related to the conversion feature
The changes in the derivative liability related to the conversion feature are as follows:

 

    Derivative Liability  
Opening balance   $ 360  
Change in fair value of derivative liability     (30 )
Balance, June 30, 2016     330  
Change in fair value of derivative liability     (248 )
Balance, June 30, 2017   $ 82  
Schedule of change in convertible security balance
  Changes in the Convertible Security balance are comprised of the following:

 

    Convertible Security  
Opening balance   $ 4,500  
Conversions, at fair value     (638 )
Change in fair market value     2,129  
Balance, June 30, 2016   $ 5,991  
Conversions, at fair value     (4,103 )
Change in fair market value     273  
Balance, June 30, 2017   $ 2,161  
Schedule of change in financial instrument fair value
The Company recognized $234 in change in financial instrument fair value in the consolidated statement of operations related to fair value of the First Tranche Warrants at closing.

 

    First Tranche Increase  
Balance, June 30, 2016   $  
Additional investment     1,000  
Change in fair market value     304  
Balance, June 30, 2017   $ 1,304