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SHARE-BASED COMPENSATION (Details 2) - Restricted Shares [Member] - $ / shares
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]    
Outstanding at beginning of period 5,000 13,333
Granted
Vested (5,000) (6,667)
Forfeited (1,666)
Outstanding at end of period 5,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]    
Outstanding at beginning of period (in dollars per share) $ 1.73 $ 1.73
Granted (in dollars per share)
Vested (in dollars per share) $ 1.73 $ 1.73
Forfeited (in dollars per share) 1.73
Outstanding at end of period (in dollars per share) $ 1.73