FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals) (USD $) Share data in Millions, unless otherwise specified							1 Months Ended
	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2013 Level 1	Jun. 30, 2013 Level 1	Mar. 31, 2011 Level 3	Dec. 31, 2013 Level 3	Jun. 30, 2013 Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents					$ 2,684	$ 192,620
Fair value of common stock warrants	$ 469,437	$ 650,638	$ 859,068	$ 918,566				$ 469,437	$ 650,638
Purchase of company's common stock (in shares)							3.9
Valuation method used to determine fair value							Proprietary valuation models