STOCKHOLDERS’ EQUITY (Details) (Restricted Stock [Member], USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Restricted Stock [Member]
Stockholders Equity [Line Items]
Outstanding (unvested)	1,652,500	721,151	281,302
Granted	1,750,000	1,750,000	1,000,000
Forfeited	0	0	0
Vested	(1,688,500)	(818,651)	(560,151)
Outstanding (unvested)	1,714,000	1,652,500	721,151
Fair Value, Outstanding (unvested)	$ 3,668,948	$ 1,637,133	$ 1,491,969
Fair Value, Granted	7,490,000	5,132,500	3,370,000
Fair Value, Forfeited	0	0	0
Fair Value, Vested	(8,054,189)	(3,100,685)	(3,224,836)
Fair Value, Outstanding (unvested)	$ 3,104,759	$ 3,668,948	$ 1,637,133
Grand Date Fair Value Per share, Granted	$ 4.28	$ 2.93	$ 3.37