OTHER CURRENT ASSETS (Tables)

12 Months Ended

Jun. 30, 2012

Prepaid Expense and Other Assets, Current [Abstract]

Schedule of Other Current Assets [Table Text Block]

Other current assets consisted of the following:

	June 30,		June 30,
	2012		2011
Advancement	$	299,526	$	530,459
Prepaid insurance		-		6,667
Total	$	299,526	$	537,126