INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Federal
Current tax expense	$ 0	$ 0
Deferred tax benefit	2,362,000	878,000
Federal Income Tax Expense (Benefit), Continuing Operations	2,362,000	878,000
State
Current tax expense	0	0
Deferred tax benefit	375,000	227,000
State and Local Income Tax Expense (Benefit), Continuing Operations	375,000	227,000
Total income tax benefit	$ 2,737,000	$ 1,105,000