STOCK BASED COMPENSATION PLANS (Tables)

9 Months Ended

Mar. 31, 2018

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, 2018:

		Number of		Weighted Average		Weighted Average	Aggregate
		Shares		Exercise Price		Remaining Life	Intrinsic Value
Oustanding at	July 1, 2016		350,000	$	16.70	5.95 years	$	3,082,000
Granted			18,000		27.30
Exercised			-		-
Forfeited			-		-
Exchanged			-		-
Oustanding at	June 30, 2017		368,000	$	17.21	5.17 years	$	3,046,000
Exercisable at	June 30, 2017		286,000	$	16.19	5.20 years	$	2,635,000
Vested and Expected to vest at	June 30, 2017		368,000	$	17.21	5.17 years	$	3,046,000
Oustanding at	July 1, 2017		368,000	$	17.21	5.17 years	$	3,046,000
Granted			-		-
Exercised			-		-
Forfeited			-		-
Exchanged			-		-
Oustanding at	March 31, 2018		368,000	$	17.21	4.42 years	$	2,556,575
Exercisable at	March 31, 2018		318,000	$	16.47	4.04 years	$	2,395,000
Vested and Expected to vest at	March 31, 2018		368,000	$	17.21	4.42 years	$	2,556,575