NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Table)

12 Months Ended

Jun. 30, 2012

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Business Acquisition, Pro Forma Information [Table Text Block]

Unaudited pro forma operating results for the year ended June 30, 2011, assuming the reverse acquisition had been made as of July 1, 2010, are as follows:

Revenues	$	1,862,667
Net loss applicable to common shareholders	$	(3,103,629	)
Net loss per share – basic and diluted	$	(0.026	)