INVESTMENT IN MARKETABLE SECURITIES (Details 1) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Schedule of Trading Securities and Other Trading Assets [Line Items]
Realized loss on marketable securities	$ (990,000)	$ (1,590,000)
Unrealized loss on marketable securities	(6,199,000)	(3,062,000)
Net loss on marketable securities	$ (7,189,000)	$ (4,652,000)