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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Jun. 30, 2019
Disclosure Text Block Supplement [Abstract]  
Share-based Payment Arrangement, Activity [Table Text Block]
Stock option transactions under the 1997 Plan for the past two fiscal years are summarized below:

(dollars in thousands, except price data)

 

Options

   

Weighted

Average

Exercise Price

   

Weighted

Average

Remaining

Contractual Life

in Years

   

Aggregate

Intrinsic Value

(net of tax)

 

Outstanding June 30, 2017

    2,000     $ 12.31                  

Granted

    2,000     $ 2.74                  

Exercised

    -       n/a                  

Forfeited

    -       n/a                  

Outstanding June 30, 2018

    4,000     $ 7.53                  

Granted

    -       n/a                  

Exercised

    -       n/a                  

Forfeited

    -       n/a                  

Outstanding June 30, 2019

    4,000     $ 7.53       4.49     $ -  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]
Class A common stock options outstanding and exercisable under the employee stock option plans at June 30, 2019, were as follows:

   

Options Outstanding

   

Options Exercisable

 
   

Date of

Option Grant

   

Number

Outstanding

   

Remaining Life

in Years

   

Weighted

Average Exercise

Price ($)

   

Number

Exercisable

   

Weighted

Average Option

Price ($)

 

1997 Plan Class A

  10/07/09       2,000       0.27     $ 12.31       2,000     $ 12.31  
   

03/21/18

      2,000       8.72     $ 2.74       2,000     $ 2.74  
            4,000       4.49     $ 7.53       4,000     $ 7.53