NET LOSS PER SHARE

12 Months Ended

Jun. 30, 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 years ended June 30, 2012 and 2011 consist of the following:

	Shares Potentially Issuable
	2012		2011
Series E 5% Convertible Preferred Stock		4,502,783		6,754,173
Convertible notes payable		20,000,000		—
Stock options		46,690,000		43,100,000
Restricted stock award		2,500,000		—
Warrants		2,075,000		275,000
Total		75,767,783		50,129,173