INCOME TAXES, VALUATION ALLOWANCE (Details) (USD $)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance, End of Year	$ (200,486)	$ (671,740)
Valuation Allowance of Deferred Tax Assets [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance, Beginning of Year	(671,740)	(1,690,578)
Increase in Valuation Allowance	0	0
Release of Valuation Allowance	471,254	1,018,838
Balance, End of Year	$ (200,486)	$ (671,740)