EARNINGS PER SHARE (Detail Textuals) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Class of Stock [Line Items]
Total cumulative preferred stock dividends in arrears	$ 7,724,680	$ 7,596,608
6% Prior Cumulative Preferred, $5 par value
Class of Stock [Line Items]
Redemption price per share (in dollars per share)	$ 5.25	$ 5.25
Preferred stock, liquidation preference per share (in dollars per share)	$ 5.25	$ 5.25
6% Prior Convertible Cumulative Preferred Stock - Series A
Class of Stock [Line Items]
Number of common stock exchanged for each preferred stock held	4	4
6% Prior Convertible Cumulative Preferred Stock - Series B
Class of Stock [Line Items]
Number of common stock exchanged for each preferred stock held	3.75	3.75
5% Convertible Cumulative Preferred, $20 par value
Class of Stock [Line Items]
Redemption price per share (in dollars per share)	$ 21.00	$ 21.00
Preferred stock, liquidation preference per share (in dollars per share)	$ 20.00	$ 20.00
Number of common stock exchanged for each preferred stock held	3.795	3.795