ACCRUED LIABILITIES (Tables)

12 Months Ended

Jun. 30, 2016

Payables and Accruals [Abstract]

Accrued liabilities

 Accrued liabilities consist of the following at June 30, 2016 and 2015:

	2016		2015
Accrued stock-based compensation	$	768,055	$	1,665,731
Accrued compensation		336,957		506,064
Accrued other liabilities		214,432		225,140
Accrued dividends		182,759		124,176
	$	1,502,203	$	2,521,111