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UNAUTHORIZED TRANSACTION RELATED RECOVERIES (Tables) | 12 Months Ended
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Jun. 30, 2016
Unauthorized Transactions, Costs and Related Recoveries, Net [Abstract] |
Unauthorized Transaction Related Costs and Recoveries | For the fiscal years ended June 30, 2016 and 2015, the costs and recoveries were as follows:
|  | 2016 |  | 2015
Legal fees incurred |  | $ | 1,714,074 |  |  | $ | 152,492 |
Gross proceeds from the settlement of the third party lawsuit |  | (3,000,000 | ) |  | — |
Proceeds from asset forfeitures |  | (75 | ) |  | (121,465 | )
Unauthorized transaction related (recoveries) costs, net |  | $ | (1,286,001 | ) |  | $ | 31,027 |

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- Definition Unauthorized Transactions, Related Costs and Recoveries, net [Table Text Block] + References No definition available. + Details
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