15. SUBSEQUENT EVENT	12 Months Ended
Jun. 30, 2013
Subsequent Events [Abstract]
15. SUBSEQUENT EVENT	On September 26, 2013, the Company entered into a Securities Purchase Agreement with certain investors providing for the sale of a total of 3,000 shares of Series B Convertible Preferred Stock (the “Preferred Stock”). Certain Directors of the Company purchased 500 shares. Shares of Preferred Stock were sold for $1,000 per share (the “Stated Value”) and accrue dividends on the Stated Value at an annual rate of 10%. The Preferred Stock is convertible into a total of 15,789,474 shares of common stock of the Company (“Common Stock”) at a conversion price equal to $0.19, which was the closing price of the Common Stock on September 25, 2013 (the “Conversion Price”). Upon any liquidation, dissolution or winding-up of the Corporation, holders of Preferred Stock shall be entitled to receive out of the assets of the Corporation an amount equal to two times the Stated Value, plus any accrued and unpaid dividends thereon. In connection with the purchase of the Preferred Stock, investors received warrants to purchase a total of 15,789,474 shares of Common Stock at an exercise price of $0.19. The warrants are exercisable at any time on or prior to September 27, 2016. In addition, the Company issued a total of 407,895 Warrants to certain placement agents in connection with the transaction.

15. SUBSEQUENT EVENT

12 Months Ended

Jun. 30, 2013

On September 26, 2013, the Company entered into a Securities Purchase Agreement with certain investors providing for the sale of a total of 3,000 shares of Series B Convertible Preferred Stock (the “Preferred Stock”). Certain Directors of the Company purchased 500 shares.

Shares of Preferred Stock were sold for $1,000 per share (the “Stated Value”) and accrue dividends on the Stated Value at an annual rate of 10%. The Preferred Stock is convertible into a total of 15,789,474 shares of common stock of the Company (“Common Stock”) at a conversion price equal to $0.19, which was the closing price of the Common Stock on September 25, 2013 (the “Conversion Price”). Upon any liquidation, dissolution or winding-up of the Corporation, holders of Preferred Stock shall be entitled to receive out of the assets of the Corporation an amount equal to two times the Stated Value, plus any accrued and unpaid dividends thereon.

In connection with the purchase of the Preferred Stock, investors received warrants to purchase a total of 15,789,474 shares of Common Stock at an exercise price of $0.19. The warrants are exercisable at any time on or prior to September 27, 2016. In addition, the Company issued a total of 407,895 Warrants to certain placement agents in connection with the transaction.