NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES - Antidilutive effect of contingently issuable shares (Details 1)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
6% Prior Convertible Cumulative Preferred Stock - Series A
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares issuable upon conversion of Cumulative Preferred Stock	400,000	400,000
6% Prior Convertible Cumulative Preferred Stock - Series B
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares issuable upon conversion of Cumulative Preferred Stock	375,000	375,000
5% Convertible Cumulative Preferred Stock - Series A
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares issuable upon conversion of Cumulative Preferred Stock	222,133	222,133
5% Convertible Cumulative Preferred Stock - Series B
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares issuable upon conversion of Cumulative Preferred Stock	36,201	36,201