14. RETIREMENT PLAN |
12 Months Ended |
|---|---|
Jun. 30, 2016 | |
| Compensation and Retirement Disclosure [Abstract] | |
| RETIREMENT PLAN | The Company provides a 401(k) retirement plan for its employees. Employees are eligible to participate in the plan on the first of the month following 90 days of continuous employment. Employee salary deferral rates are not restricted by the Company, however, IRS limits and limitations imposed by discrimination tests may affect the allowed salary deferral rate. The Companys 401(k) retirement plan has a Safe Harbor provision which requires all employees receive a 3% match based on gross wages. The Companys matching contributions totaled $6,900 and $12,000 for the years ended June 30, 2016 and 2015, respectively. |