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STOCK OPTIONS (Notes)
9 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Options
STOCK OPTIONS
 
The Company recognizes stock-based compensation expense for options granted under both the 1990 Flexible Incentive Plan and the 2012 Omnibus Incentive Plan ("2012 Plan"). The stock-based compensation relates to stock options granted to employees and non-employee directors. In the nine months ended March 31, 2019, options to purchase 585,000 shares were granted under the 2012 Plan at a weighted average exercise price of $2.79. In the nine months ended March 31, 2018, options to purchase 490,000 shares were granted under the 2012 Plan at a weighted average exercise price of $1.89. Stock-based compensation expense during the three and nine months ended March 31, 2019 was $97,830 and $292,186. Stock-based compensation expense during the three and nine months ended March 31, 2018 was $82,792 and $248,624.