SHARE-BASED PAYMENTS (Details Textual) (USD $)	1 Months Ended		3 Months Ended		6 Months Ended
	Jun. 30, 2011	Apr. 30, 2011	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012	Sep. 30, 2012	Jun. 30, 2012
Common Stock, Shares, Issued		1,341,894	16,331,854		16,331,854		16,331,854
Consultancy Agreement		Sep. 25, 2010
Stockholders' Equity, Reverse Stock Split		The fair value of the shares issued was $0.763 per share (adjusted for the effect on 1-for-2.18 reverse stock split) and the total fair value of the shares issued was $1,023,865.
Share-based payment expense			$ 90,262	$ 100,063	$ 180,524	$ 200,126
Recognized Share Based Payment Expense			85,322	85,322	170,644	170,644
Unrecognized Share Based Payment Expense			165,810	507,098	165,810	507,098
Restricted Common Stock	40,000		40,000		40,000			40,000
Deferred Compensation Arrangement with Individual, Exercise Price	$ 1.01
Deferred Compensation Arrangement with Individual, Shares Issued	120,000
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued	121,200
Fair Value Of Grant Vested and Unvested Description					80,000 shares with a grant date fair value of $80,800 were vested. 40,000 shares were issued on July 26, 2011, with the other 40,000 shares issued on July 25, 2012. The remaining 40,000 shares are unvested.
Employment Agreement [Member]
Share-based payment expense			4,940	14,741	9,880	29,482
Unrecognized Share Based Payment Expense			$ 5,491		$ 5,491		15,371