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INCOME TAXES (Details) - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Federal    
Current tax expense $ (26,000) $ (13,000)
Deferred tax benefit 2,362,000 878,000
Federal Income Tax Expense (Benefit), Continuing Operations 2,336,000 865,000
State    
Current tax expense (14,000) (11,000)
Deferred tax benefit 375,000 227,000
State and Local Income Tax Expense (Benefit), Continuing Operations 361,000 216,000
Total income tax benefit $ 2,697,000 $ 1,081,000