STOCK BASED COMPENSATION PLANS (Tables)

9 Months Ended

Mar. 31, 2017

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 July 1, 2016 through March 31, 2017:

		Number of		Weighted Average		Weighted Average		Aggregate
		Shares		Exercise Price		Remaining Life		Intrinsic Value
Oustanding at	July 1, 2015		350,000	$	16.70		6.95 years	$	939,000
Granted			-		-		-		-
Exercised			-		-		-		-
Forfeited			-		-		-		-
Exchanged			-		-		-		-
Oustanding at	June 30, 2016		350,000	$	16.70		5.95 years	$	3,082,000
Exercisable at	June 30, 2016		236,000	$	15.54		5.33 years	$	2,351,000
Vested and Expected to vest at	June 30, 2016		350,000	$	16.70		5.95 years	$	3,082,000
Oustanding at	July 1, 2016		350,000	$	16.70		5.95 years	$	3,082,000
Granted			18,000		27.30		9.92 years		-
Exercised			-		-		-		-
Forfeited			-		-		-		-
Exchanged			-		-		-		-
Oustanding at	March 31, 2017		368,000	$	17.21		5.42 years	$	2,977,000
Exercisable at	March 31, 2017		286,000	$	16.19		5.47 years	$	2,577,000
Vested and Expected to vest at	March 31, 2017		368,000	$	17.21		5.42 years	$	2,977,000