STOCK OPTIONS (Tables)

6 Months Ended

Dec. 31, 2016

Fair value weighted average assumptions

	Six Months Ended December 31,
	2016	2015
Expected volatility	62.05% to 104.94%	62.05% to 104.94%
Risk-free interest rate	0.30% to 0.78%	0.30% to 0.78%
Expected life (years)	2.50	2.50

Company's non-vested employee stock options

	Options			Weighted Average Grant-Date Fair Value
Non-vested at July 1, 2016		38,750		$	3.22
Granted		-			-
Vested		(8,750	)		3.10
Forfeited		-			-
Non-vested at December 31, 2016		30,000		$	3.26

	Options			Weighted Average Grant-Date Fair Value
Non-vested at July 1, 2015		17,500		$	1.69
Granted		-			-
Vested		(8,750	)		(1.69	)
Forfeited		-			-
Non-vested at December 31, 2015		8,750		$	1.69

2007 Employee Plan [Member]

Option activities

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2016		90,000	$	3.26		3.42	$	30
Granted		-		-		-		-
Exercised		-		-		-		-
Forfeited or expired		-		-		-		-
Outstanding at December 31, 2016		90,000	$	3.26		2.91	$	10
Exercisable at December 31, 2016		60,000	$	3.26		2.26	$	8

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2015		130,000		$	3.93		1.57	$	-
Granted		-			-		-		-
Exercised		-			-		-		-
Forfeited or expired		(80,000	)		4.35		-		-
Outstanding at December 31, 2015		50,000		$	3.26		2.87	$	-
Exercisable at December 31, 2015		41,250		$	3.29		2.86	$	-

2007 Directors Equity Incentive Plan [Member]

Option activities

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2016		415,000		$	3.14		3.29	$	198
Granted		-			-		-		-
Exercised		-			-		-		-
Forfeited or expired		(50,000	)		2.30		-		-
Outstanding at December 31, 2016		365,000		$	3.25		3.18	$	68
Exercisable at December 31, 2016		365,000		$	3.25		3.18	$	68

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2015		365,000		$	3.65		1.99	$	53
Granted		50,000			2.69		-		-
Exercised		-			-		-		-
Forfeited or expired		(150,000	)		4.35		-		-
Outstanding at December 31, 2015		265,000		$	3.07		2.98	$	40
Exercisable at December 31, 2015		265,000		$	3.07		2.98	$	40