EARNINGS PER SHARE (Detail Textuals) (USD $)	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Class of Stock [Line Items]
Total dividends in arrears	$ 7,660,644	$ 7,532,572
6% Convertible
Class of Stock [Line Items]
Redemption price per share (in dollars per share)	$ 5.25	$ 5.25
Per share received by holder in voluntary liquidation (in dollars per share)	$ 5.25	$ 5.25
6% Convertible | Series A
Class of Stock [Line Items]
Conversion ratio	1:4	1:4
Number of common stock, issued upon conversion for share of cumulative preferred stock	4	4
6% Convertible | Series B
Class of Stock [Line Items]
Conversion ratio	1:3.75	1:3.75
Number of common stock, issued upon conversion for share of cumulative preferred stock	3.75	3.75
5% Convertible
Class of Stock [Line Items]
Redemption price per share (in dollars per share)	$ 21.00	$ 21.00
Per share received by holder in voluntary liquidation (in dollars per share)	$ 20.00	$ 20.00
Conversion ratio	1:3.795	1:3.795
Number of common stock, issued upon conversion for share of cumulative preferred stock	3.795	3.795