ACCRUED LIABILITIES (Tables)

9 Months Ended

Mar. 31, 2016

Accrued Liabilities [Abstract]

Accrued liabilities

	March 31, 2016 (unaudited)		June 30, 2015
Accrued stock-based compensation	$	721,659	$	1,665,731
Accrued compensation		370,305		506,064
Accrued other liabilities		208,196		225,140
Accrued dividends		176,590		124,176
	$	1,476,750	$	2,521,111