ACCRUED LIABILITIES (Details) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Payables and Accruals [Abstract]
Accrued stock-based compensation	$ 1,054,828	$ 768,055
Accrued compensation	296,553	336,957
Accrued other liabilities	265,521	19,872
Accrued taxes	261,561	194,560
Accrued dividends	206,522	182,759
Accrued liabilities	$ 2,084,980	$ 1,502,203

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Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due. This amount is the total of current and noncurrent accrued income taxes.

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Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.

+ References

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Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding.

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Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits.

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Amount of expenses incurred but not yet paid classified as other.

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