PREFERRED DIVIDENDS (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Pro-forma effect of Dividend Adjustment
Dividends on Series A Preferred	$ 499,280	$ 417,220
Net loss applicable to common shareholders	(353,161)	(384,739)	(358,749)	(872,913)
Basic and diluted loss per share	$ (0.03)	$ (0.03)	$ (0.03)	$ (0.07)
Variance Swap Member
Pro-forma effect of Dividend Adjustment
Dividends on Series A Preferred in Percentage	36.00%
Net loss applicable to common shareholders in Percentage	25.40%
Basic and diluted loss per share in Percentage	25.40%
As Reported Member
Pro-forma effect of Dividend Adjustment
Dividends on Series A Preferred	252,123
Net loss applicable to common shareholders	(358,749)
Basic and diluted loss per share	$ (0.03)
Proforma [Member]
Pro-forma effect of Dividend Adjustment
Dividends on Series A Preferred	342,816
Net loss applicable to common shareholders	(449,442)
Basic and diluted loss per share	$ (0.04)
Dollars Member | Variance Swap Member
Pro-forma effect of Dividend Adjustment
Dividends on Series A Preferred	90,693
Net loss applicable to common shareholders	$ (90,693)
Basic and diluted loss per share	$ (0.01)