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SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock option activity

Following is a summary of stock option activity for the six months ended December 31, 2015 and 2014:

 

    2015     2014  
    Number of
Shares		     Weighted-
Average
Exercise Price		     Number of
Shares		     Weighted-
Average
Exercise Price		  
Outstanding at July 1,     106,668     $ 2.41       165,002     $ 2.40  
Options granted     —       —       —       —  
Options exercised     (7,500 )     2.14       —       —  
Options forfeited     —       —       (8,334 )     5.58  
Outstanding at end of period     99,168     $ 2.43       156,668     $ 2.23  
Stock Options Exercisable at December 31,     99,168     $ 2.43       150,001     $ 2.26  
Schedule of options outstanding and options exercisable

Following is a summary of information regarding options outstanding and options exercisable at December 31, 2015:

 

      Options Outstanding & Exercisable
                         
Range of
Exercise Prices		     Number
Outstanding		     Weighted-Avg.
Remaining
Contractual
Life		     Weighted-Avg.
Exercise
Price		     Aggregate.
Intrinsic
Value
$0 to 2.50       87,500       5.78     $ 1.86     $ 49,350
2.5  to 5.00       3,334       1.38       4.38       —
7.51 to 10.00       8,334       0.02       7.65       —
Total       99,168       5.15 years     $ 2.43     $ 49,350

 
Schedule of restricted share activity

The following is a summary of restricted share activity for the six months ended December 31, 2015 and 2014:

 

    2015     2014  
    Number of
Shares		     Weighted-
Average
Grant Date
Fair Value		     Number of
Shares		     Weighted-
Average
Grant Date
Fair Value		  
Outstanding at beginning of  period     5,000     $ 1.73       13,333     $ 1.73  
Granted     —       —       —       —  
Vested     (5,000 )     1.73       (6,667 )     1.73  
Forfeited     —       —       —       —  
Outstanding at end of period     —     $ —       6,666     $ 1.73