SHAREHOLDERS' EQUITY - Beneficial Conversion Feature (Details) |
9 Months Ended |
|---|---|
|
Mar. 31, 2017
USD ($)
$ / shares
| |
| SHAREHOLDERS' EQUITY | |
| A reduction (the discount) to the additional paid-in capital | $ | $ 1,009,000 |
| Common Stock | Series A Preferred Stock | |
| SHAREHOLDERS' EQUITY | |
| Conversion price (in dollars per share) | $ / shares | $ 0.47 |
| Aggregate beneficial conversion feature | $ | $ 2,600,000 |
| A reduction (the discount) to the additional paid-in capital | $ | $ 1,009,069 |
| Amortization period for discount on beneficial conversion feature (in months) | 6 months |
| Common Stock | Series A Preferred Stock | Minimum | |
| SHAREHOLDERS' EQUITY | |
| Fair value of common stock (in dollars per share) | $ / shares | $ 1.60 |
| Common Stock | Series A Preferred Stock | Maximum | |
| SHAREHOLDERS' EQUITY | |
| Fair value of common stock (in dollars per share) | $ / shares | $ 1.75 |