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STOCKHOLDERS EQUITY (Details Narrative) - USD ($) | 12 Months Ended |
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015
Annual compensation | $ 10,000 |
Quarterly compensation payment | $ 2,500 |
Appointment grant of shares of restricted stock | 150,000 |
Restricted stock vesting period | 5 years |
Shares authorized for grant | 550,000 |
Restricted stock issuable | 2,000 |
Unrecognized stock based compensation expense | $ 6,100,000 |
Recognition period | 5 years 2 months 9 days |
Preferred stock authorized | 30,000,000 | 30,000,000
Shares issued in kind | 66,013 |
Shares issued for bonus payable | 40,000 |
Restricted Stock [Member] |  |
Shares issued pursuant to Plan | 311,538 |
Director [Member] |  |
Shares issued pursuant to Plan | 37,729 |
Employee Stock [Member] |  |
Shares issued pursuant to Plan | 278,000 |
Series B Preferred [Member] |  |
Preferred stock, Issued | 625,375 | 625,375
Preferred stock, outstanding | 625,375 | 625,375
Series B-1 Preferred [Member] |  |
Preferred stock, Issued | 180,213 | 74,200
Preferred stock, outstanding | 180,213 | 74,200

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- Definition Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Expenditures for salaries for officers and non-officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. + References No definition available. + Details
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