COMMITMENTS AND CONTINGENCIES (Details 1) (USD $)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Dividends on Series A Preferred	$ 834,687	$ 826,411
Net loss applicable to common shareholders	(1,693,354)	(1,031,874)
Basic and diluted loss per share	$ (0.14)	$ (0.09)
Variance Swap Member
Dividends on Series A Preferred in Percentage	50.70%
Net loss applicable to common shareholders in Percentage	(10.20%)
Basic and diluted loss per share in Percentage	(10.20%)
As Reported Member
Dividends on Series A Preferred	340,375
Net loss applicable to common shareholders	(1,693,354)
Basic and diluted loss per share	$ (0.14)
Proforma Member
Dividends on Series A Preferred	512,802
Net loss applicable to common shareholders	(1,865,781)
Basic and diluted loss per share	$ (0.16)
Dollars Member | Variance Swap Member
Dividends on Series A Preferred	172,427
Net loss applicable to common shareholders	$ (172,427)
Basic and diluted loss per share	$ (0.02)