STOCKHOLDERS' EQUITY (Details) - Restricted Stock [Member] - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Outstanding (unvested)	1,714,000	1,652,500	721,151
Granted	1,750,000	1,750,000	1,750,000
Forfeited	0	0	0
Vested	(1,756,000)	(1,688,500)	(818,651)
Outstanding (unvested)	1,708,000	1,714,000	1,652,500
Fair Value, Outstanding (unvested)	$ 3,104,759	$ 3,668,948	$ 1,637,133
Fair Value, Granted	3,675,000	7,490,000	5,132,500
Fair Value, Forfeited	0	0	0
Fair Value, Vested	(4,981,767)	(8,054,189)	(3,100,685)
Fair Value, Outstanding (unvested)	$ 1,797,992	$ 3,104,759	$ 3,668,948
Grand Date Fair Value Per share, Granted	$ 2.10	$ 4.28	$ 2.93