EARNINGS (LOSS) PER SHARE (Detail Textuals) (USD $)	9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Class of Stock [Line Items]
Total cumulative preferred stock dividends in arrears	7,788,716	7,660,644
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