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STOCKHOLDERS' EQUITY (Tables) | 9 Months Ended
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Mar. 31, 2016
Statement of Stockholders' Equity [Abstract] |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | The following table sets forth changes in compensation-related restricted stock awards during nine months ended March 31, 2016:
|  |  |  |  |  | Grant Date |
|  | Number of |  | Fair Value of |  | Fair Value |
|  | Shares |  | Shares |  | Per share |
Outstanding (unvested) at June 30, 2015 |  |  | 1,708,000 |  | $ | 1,797,992 |  |  |  |
Granted |  |  | 1,000,000 |  |  | 1,660,000 |  | $ | 1.66 |
Forfeited |  |  | - |  |  | - |  |  |  |
Vested |  |  | (1,716,000) |  |  | (2,899,390) |  |  |  |
Outstanding (unvested) at March 31, 2016 |  |  | 992,000 |  | $ | 558,602 |  |  |  |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- References No definition available. + Details
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