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STOCK OPTIONS (Details) (USD $)	3 Months Ended		9 Months Ended
STOCK OPTIONS (Details) (USD $)	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Granted			430,000	480,000
Weighted average exercise price of shares granted in period			$ 5.14	$ 6.24
Stock-based compensation expense	$ 146,592	$ 100,643	$ 440,533	$ 362,571

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

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