STOCK OPTIONS (Tables)

12 Months Ended

Jun. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block]

Options outstanding and related weighted average price and intrinsic value are as follows:

			Weighted
			Average
	Number		Exercise		Aggregate
	of Shares		Price		Intrinsic Value
Outstanding, June 30, 2011		115,099		14.66		-
Granted		-
Forfeited/Canceled		-
Exercised		-
Outstanding, June 30, 2012		115,099		14.66		-
Granted		-
Forfeited/Canceled		-
Exercised		-
Outstanding, June 30, 2013		115,099		14.66		-
Granted		-
Forfeited/Canceled		-
Exercised		-
Outstanding, June 30, 2014		115,099		14.66		-

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The following table summarizes the options outstanding and exercisable as of June 30, 2014:

Options Outstanding and Exercisable
						Weighted
				Weighted		Average
		Number Outstanding		Average		Remaining
Range of		and Exercisable as of		Exercise		Contractual Life
Exercise Price		June 30, 2014		Price		(Years)
$	14.02-14.70		115,099	$	14.66		0.50