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SHARE-BASED INCENTIVE PLANS (Tables)
9 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock option activity

 

 

2017

 

 

2016

 

 

 

Number of Shares

 

 

Weighted-Average

Exercise Price

 

 

Number of Shares

 

 

Weighted-Average

Exercise Price

 

Outstanding at July 1,

 

 

90,834

 

 

$

1.95

 

 

 

106,668

 

 

$

2.41

 

Options granted 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised 

 

 

(28,000

)

 

 

1.82

 

 

 

(7,500

)

 

 

2.14

 

Options forfeited 

 

 

 

 

 

 

 

 

(8,334

)

 

 

7.65

 

Outstanding at end of period 

 

 

62,834

 

 

$

2.00

 

 

 

90,834

 

 

$

1.95

 

Stock Options Exercisable at March 31, 

 

 

62,834

 

 

$

2.00

 

 

 

90,834

 

 

$

1.95

 

Schedule of options outstanding and options exercisable

 

 

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

 

59,500

 

4.42

 

$1.87

 

$162,370

2.5 to 5.00

 

  3,334

 

0.13

 

  4.38

 

$       733

Total

 

62,834

 

4.19 years

 

$2.00

 

$163,103