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INVESTMENT IN AFFILIATES:
 9 Months Ended
Mar. 31, 2018
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
INVESTMENT IN AFFILIATES
INVESTMENT IN AFFILIATES:
     
Empire Education Group, Inc. (EEG)
 
As of March 31, 2018, the Company had a 54.6% ownership interest in EEG and no remaining investment value as the Company fully impaired its investment in EEG as of December 31, 2015. The Company has not recorded any equity income or losses related to its investment in EEG subsequent to the impairment. The Company will record equity income related to the Company's investment in EEG once EEG's cumulative income exceeds its cumulative losses, measured from the date of impairment.

While the Company could be responsible for certain liabilities associated with this venture, the Company does not currently expect them to have a material impact on the Company's financial position.

The table below presents the summarized Statement of Operations information for EEG:
 
 
For the Three Months
Ended March 31,
 
For the Nine Months 
 Ended March 31,
 
 
2018
 
2017
 
2018
 
2017
(Unaudited)
 
(Dollars in thousands)
Gross revenues
 
$
32,398

 
$
32,660

 
$
97,997

 
$
93,715

Gross profit
 
8,856

 
10,287

 
28,254

 
27,429

Operating (loss) income
 
(1,003
)
 
554

 
(142
)
 
336

Net (loss) income
 
(1,072
)
 
425

 
(382
)
 
(48
)