Preferred Stock Series A
Equity Components [Axis]
Preferred Stock Series C
Preferred Stock Series D
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Operations
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity a Well-known Seasoned Issuer?
Is Entity a Voluntary Filer?
Is Entity's Reporting Status Current?
Entity Filer Category
Entity Public Float
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement of Financial Position [Abstract]
CURRENT ASSETS
Cash and cash equivalents
Marketable securities
TOTAL CURRENT ASSETS
TOTAL ASSETS
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accrued expenses and other liabilities
Accrued interest
Notes payable--related parties
TOTAL CURRENT LIABILITIES
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred Stock 2,000,000 Shares Authorized
Series A Convertible, Par Value $1 ; 2,200 Shares Issued and Outstanding; Involuntary Liquidation Preference of $ 1 Per Share Plus Accrued and Unpaid Dividends
Series C, Par Value $100 ; 9,900 Shares Issued and Outstanding; Involuntary Liquidation Preference of $100 Per Share Plus Accrued and Unpaid Dividends
Series D, Par Value $100 ; 4,000 Shares Issued and Outstanding; Involuntary Liquidation Preference of $100 Per Share Plus Accrued and Unpaid Dividends
Common Stock, Par Value $.01; Authorized 75,000,000 Shares; Issued and Outstanding; 53,864,165 Shares at March 31, 2012 and June 30 , 2011
Additional paid in capital
Accumulated other comprehensive loss
Accumulated deficit
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Preferred Stock; Shares Authorized
Preferred Stock Series A Convertible; Par Value
Preferred Stock Series A Convertible; Shares Issued
Preferred Stock Series A Convertible; Outstanding
Preferred Stock Series C; Par Value
Preferred Stock Series C; Shares Issued
Preferred Stock Series C; Shares Outstanding
Preferred Stock Series D; Par Value
Preferred Stock Series D; Shares Issued
Series D; Shares Outstanding
Common Stock; Par Value
Common Stock; Shares Authorized
Common Stock; Shares Issued
Common Stock; Shares Outstanding
Income Statement [Abstract]
REVENUE
OPERATING EXPENSES
General and administrative expenses
(LOSS) FROM OPERATIONS
OTHER INCOME (EXPENSE)
Interest expense, net and other
Realized losses on marketable securities available for sale
TOTAL OTHER INCOME (EXPENSE)
NET LOSS
UNDECLARED PREFERRED STOCK DIVIDENDS
NET LOSS APPLICABLE TO COMMON SHAREHOLDERS
WEIGHTED AVERAGE NUMBER OF OUTSTANDING SHARES FOR BASIC AND DILUTED EARNINGS PER SHARE
EARNINGS PER COMMON SHARE
Basic
Diluted
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized gain (loss) on marketable securities
Net Loss
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)
Statement [Table]
Statement [Line Items]
Balance at June 30, 2011 (audited)
Unrealized gain on investments
Net loss
Balance at March 31, 2012 (unaudited)
Statement of Cash Flows [Abstract]
CASH FLOWS FROM OPERATING ACTIVITES:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Net realized losses on marketable securities
Changes in assets and liabilities:
Increase in accounts payable, accrued expenses and other liabilities
NET CASH USED IN OPERATING ACTIVITIES
CASH FLOWS FROM INVESTING ACTIVITES:
Proceeds from sale of investments, net of purchases
NET CASH PROVIDED BY INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITES:
Proceeds from issuance of notes payable--related parties
NET CASH PROVIDED BY FINANCING ACTIVITIES
NET CHANGE IN CASH AND CASH EQUIVALENTS
CASH AND EQUIVALENTS, beginning of period
CASH AND EQUIVALENTS, end of period
CASH PAYMENTS FOR:
Interest expense
Income taxes
Notes to Financial Statements
BASIS OF PRESENTATION
DOUBT AS TO CONTINUING AS A GOING CONCERN
PRINCIPLES OF CONSOLIDATION
MARKETABLE SECURITIES
ACCRUED EXPENSES AND OTHER LIABILITIES
NOTES PAYABLE - RELATED PARTIES
COMMITMENTS AND CONTINGENCIES
STOCK-BASED COMPENSATION
STOCKHOLDERS’ EQUITY
Assets, Current
Assets
Liabilities, Current
Stockholders' Equity Attributable to Parent
Liabilities and Equity
Other Comprehensive Income (Loss), Tax
Cash and Cash Equivalents, at Carrying Value