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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Numerator:    
Net income (loss) $ 794,674 $ (4,489,182)
Denominator:    
Weighted average common shares outstanding - Basic 106,953,898 106,609,720
Effect of dilutive shares:    
Common stock equivalents arising from stock options and warrants 799,139 0
Restricted stock units 192,984 0
Weighted average common shares outstanding - Diluted 107,946,021 106,609,720
Net income (loss) per common share:    
Basic $ 0.01 $ (0.04)
Diluted $ 0.01 $ (0.04)