STOCK BASED COMPENSATION PLANS (Tables)

9 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes the stock options activity from June 30, 2014 through March 31, 2015:

		Number of	Weighted Average		Weighted Average	Aggregate
		Shares	Exercise Price		Remaining Life	Intrinsic Value
Oustanding at	July 1, 2013	222,000	$	14.98	6.89 years	$	1,353,000
Granted		160,000		18.96
Exercised		(15,000)		11.75
Forfeited		-		-
Exchanged		-		-
Oustanding at	June 30, 2014	367,000	$	16.85	7.71 years	$	953,000
Exercisable at	June 30, 2014	92,000	$	11.30	5.10 years	$	717,000
Vested and Expected to vest at	June 30, 2014	367,000	$	16.85	7.71 years	$	953,000
Oustanding at	July 1, 2014	367,000	$	16.85	7.71 years	$	731,000
Granted		-		-
Exercised		-		-
Forfeited		-		-
Exchanged		-		-
Oustanding at	March 31, 2015	367,000	$	16.85	6.96 years	$	1,006,000
Exercisable at	March 31, 2015	118,639	$	12.95	5.34 years	$	812,000
Vested and Expected to vest at	March 31, 2015	367,000	$	16.85	6.96 years	$	1,006,000