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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Dec. 31, 2013
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity
The following table summarizes the changes in stockholders’ equity for the six months ended December 31, 2013 and 2012:
 
 
 
Six Months Ended
 
 
December 31
 
 
2013
 
2012
Net income (loss)
 
$
(3,373,439
)
 
$
704,841

Dividends declared
 
(885,925
)
 
(885,925
)
Stock-based compensation expense
 
344,352

 
293,941

Income tax benefit from stock-based compensation expense
 
12,432

 

(Decrease) increase in stockholders’ equity
 
$
(3,902,580
)
 
$
112,857