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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Mar. 31, 2014
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity
The following table summarizes the changes in stockholders’ equity for the nine months ended March 31, 2014 and 2013:
 
 
 
Nine Months Ended
 
 
March 31
 
 
2014
 
2013
Net income (loss)
 
$
(3,398,560
)
 
$
820,282

Dividends declared
 
(1,328,887
)
 
(1,328,887
)
Stock-based compensation expense
 
516,829

 
440,533

Income tax benefit from stock-based compensation expense
 
12,432

 

Decrease in stockholders’ equity
 
$
(4,198,186
)
 
$
(68,072
)