NET LOSS PER SHARE (Table)

12 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

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