NET LOSS PER SHARE

9 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

11.  NET LOSS PER SHARE

Securities that could potentially dilute basic earnings per share ("EPS") and that were not included in the computation of diluted EPS because to do so would have been anti-dilutive for the three and nine months ended March 31, 2012 and 2011 consist of the following:

	Shares Potentially Issuable
	2012		2011
Series E 5% Convertible Preferred Stock		4,502,783		3,377,086
Stock options		45,840,000		—
Restricted stock award		2,500,000		—
Warrants		1,575,000		275,000
Total		54,417,783		3,652,086