LOSS PER SHARE (Details) (USD $)	5 Months Ended	12 Months Ended																197 Months Ended
	Jun. 30, 1996	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2009	Jun. 30, 2008	Jun. 30, 2007	Jun. 30, 2006	Jun. 30, 2005	Jun. 30, 2004	Jun. 30, 2003	Jun. 30, 2002	Jun. 30, 2001	Jun. 30, 2000	Jun. 30, 1999	Jun. 30, 1998	Jun. 30, 1997	Jun. 30, 2012
Income (Numerator) [Abstract]
Loss for the year	$ (344,843)	$ (3,400,434)	$ (2,841,285)	$ (2,929,737)	$ (1,554,876)	$ (1,938,216)	$ (5,985,850)	$ (2,104,189)	$ (1,812,265)	$ (2,543,848)	$ (1,346,833)	$ (3,836,191)	$ (4,000,169)	$ (1,537,402)	$ (1,404,021)	$ (937,373)	$ (822,217)	$ (39,339,749)
Preferred stock dividends		(15,460)	(15,460)	(15,462)
Loss attributable to common shareholders		$ (3,415,894)	$ (2,856,745)	$ (2,945,199)
Weighted Average Number of Shares (Denominator) [Abstract]
Weighted average number of shares (in shares)		59,780,612	56,487,578	51,520,654
Loss Per Share [Abstract]
Loss attributable to common shareholders, loss per share (in dollars per share)		$ (0.06)	$ (0.05)	$ (0.06)