RELATED PARTY TRANSACTIONS	12 Months Ended
Jun. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	The Company issued 66,868 and 8,778 PIK Shares to Messrs. Fields and Allen, respectively in the year ended June 30, 2017. Service Agreement. During the year ended June 30, 2018, the Company continued to be a party to a Service Agreement with Fields Management, Inc. (“FMI”), pursuant to which FMI provided certain executive management services to the Company, including designating Mr. Randall K. Fields to perform the functions of President and Chief Executive Officer for the Company. Randall K. Fields, FMI’s designated Executive, who also serves as the Company’s Chairman of the Board of Directors, controls FMI. The Company had payables of $316,539 and $77,628 to FMI at June 30, 2018 and 2017 respectively, under this Agreement. In addition, during the years ended June 30, 2018 and 2017, 20,000 shares and 30,000 shares of Series B-1 Preferred were paid to FMI in satisfaction of an accrued bonus payable to Mr. Fields, respectively Randall K. Fields and Robert W. Allen each beneficially own Series B-1 Preferred. As a result of the Series B-1 Redemption, the Company paid an aggregate of $889,159 and $110,831 to Messrs. Fields and Allen, respectively, in consideration for the redemption of 83,099 and 10,358 shares of Series B-1 Preferred. See Note 15.

RELATED PARTY TRANSACTIONS

12 Months Ended

Jun. 30, 2018

The Company issued 66,868 and 8,778 PIK Shares to Messrs. Fields and Allen, respectively in the year ended June 30, 2017.

Service Agreement. During the year ended June 30, 2018, the Company continued to be a party to a Service Agreement with Fields Management, Inc. (“FMI”), pursuant to which FMI provided certain executive management services to the Company, including designating Mr. Randall K. Fields to perform the functions of President and Chief Executive Officer for the Company. Randall K. Fields, FMI’s designated Executive, who also serves as the Company’s Chairman of the Board of Directors, controls FMI.

The Company had payables of $316,539 and $77,628 to FMI at June 30, 2018 and 2017 respectively, under this Agreement. In addition, during the years ended June 30, 2018 and 2017, 20,000 shares and 30,000 shares of Series B-1 Preferred were paid to FMI in satisfaction of an accrued bonus payable to Mr. Fields, respectively

Randall K. Fields and Robert W. Allen each beneficially own Series B-1 Preferred. As a result of the Series B-1 Redemption, the Company paid an aggregate of $889,159 and $110,831 to Messrs. Fields and Allen, respectively, in consideration for the redemption of 83,099 and 10,358 shares of Series B-1 Preferred. See Note 15.