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SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of summary of stock option activity

Following is a summary of stock option activity for the six months ended December 31, 2014 and 2013:

 

    2014   2013
    Number of Shares   Weighted-Average
Exercise Price
  Number of Shares   Weighted-Average
Exercise Price
Outstanding at July 1,     165,002     $ 2.40       292,504     $ 2.35  
Options granted                        
Options exercised                 (804 )     1.80  
Options forfeited     (8,334 )     5.58       (100,306 )     2.34  
Outstanding at end of period     156,668     $ 2.23       191,394     $ 2.36  
Stock Options Exercisable at
    December 31,
    150,001     $ 2.26       148,061     $ 2.53  
Schedule of options outstanding and options exercisable

Following is a summary of information regarding options outstanding and options exercisable at December 31, 2014:

 

    Options Outstanding   Options Exercisable
Range of
Exercise Prices
  Number
Outstanding
  Weighted-Avg.
Remaining
Contractual
Life
  Weighted-Avg.
Exercise
Price
  Aggregate.
Intrinsic
Value
  Number
Outstanding
  Weighted-Avg.
Remaining
Contractual
Life
  Weighted-Avg.
Exercise
Price
  Average
Intrinsic
Value
$0 to 2.50   145,000   6.73   $1.38   $86,650   138,333   6.68   $1.37   $81,716
2.5  to 5.00   3,334   2.38   4.38     3,334   2.38   4.38  
7.51 to 10.00   8,334   1.02   7.65     8,334   1.02   7.65  
Total   156,668   6.70 years   $2.23   $86,650   150,001   5.47   $2.26   $81,716
Schedule of restricted share activity

The following is a summary of restricted share activity for the six months ended December 31, 2014 and 2013:

 

    2014   2013
    Number of Shares   Weighted-Average
Grant Date
Fair Value
  Number of Shares   Weighted-Average
Grant Date Fair Value
  Outstanding at beginning of  period       13,333     $ 1.73       32,500     $ 1.73  
      Granted                          
      Vested       (6,667 )     1.73       (9,166 )     1.73  
      Forfeited             1.73       (6,667 )     1.73  
  Outstanding at end of period       6,666     $ 1.73       16,667     $ 1.73