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NET INCOME PER SHARE (Detail Textuals) (USD $)
3 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Class of Stock [Line Items]    
Total dividends in arrears $ 7,468,536 $ 7,340,464
6% Prior Cumulative Preferred, $5 par value
   
Class of Stock [Line Items]    
Redemption price per share (in dollars per share) $ 5.25  
Share received by holders $ 5.25  
6% Prior Cumulative Preferred, $5 par value | Series A
   
Class of Stock [Line Items]    
Number of common stock, issued upon conversion for share of cumulative preferred stock 4  
6% Prior Cumulative Preferred, $5 par value | Series B
   
Class of Stock [Line Items]    
Number of common stock, issued upon conversion for share of cumulative preferred stock 3.75  
5% Convertible Cumulative Preferred, $20 par value
   
Class of Stock [Line Items]    
Redemption price per share (in dollars per share) $ 21.00  
Share received by holders $ 20.00  
Number of common stock, issued upon conversion for share of cumulative preferred stock 3.795