STOCK OPTIONS (Tables)

9 Months Ended

Mar. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block]

Options outstanding as of March 31, 2013 and related weighted average price and intrinsic value are as follows:

			Weighted
			Average
	Number		Exercise		Aggregate
	of Shares		Price		Intrinsic Value
Outstanding, June 30, 2012		115,099	$	14.66	$	-
Granted		-
Forfeited/Cancelled		-
Exercised		-
Outstanding, March 31, 2013		115,099	$	14.66	$	-