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STOCK BASED COMPENSATION (Details) (USD $)
6 Months Ended 12 Months Ended 6 Months Ended 1 Months Ended
Sep. 30, 2012
Mar. 31, 2012
Sep. 15, 2011
Aug. 05, 2010
Sep. 30, 2012
Independent director
Sep. 30, 2012
Independent director
Not less than
item
Apr. 30, 2012
Employee
Share based compensation              
Maximum number of shares authorized 1,000,000   3,300,000 3,000,000      
Number of directors in a committee to administer the plan           2  
Terms of options         5 years    
Options granted (in shares) 50,000       50,000   50,000
Annual grants (in shares)         10,000    
Exercise price of shares granted (in dollars per share) $ 0.7000           $ 0.70
Vesting period 3 years            
Assumption used in valuation of stock options              
Yield term of U.S. Treasury issues on which risk free interest rate is based 5 years            
Volatility rate (as a percent) 106.00%            
Risk free interest rate (as a percent) 0.083%            
Expected term 6 years            
Additional general disclosure              
Common stock available for grant under plan (in shares) 453,506            
Number Of Options              
Outstanding at the beginning of the period (in shares) 2,415,666            
Granted (in shares) 50,000       50,000   50,000
Forfeited (in shares) (26,666)            
Outstanding at the end of the period (in shares) 2,439,000 2,415,666          
Vested at the end of the period or expected to vest (in shares) 2,439,000            
Exercisable at the end of the period (in shares) 1,473,000            
Weighted Average Exercise Price              
Outstanding at the beginning of the period (in dollars per share) $ 1.040            
Granted (in dollars per share) $ 0.7000           $ 0.70
Outstanding at the end of the period (in dollars per share) $ 1.036 $ 1.040          
Vested at the end of the period or expected to vest (in dollars per share) $ 1.036            
Exercisable at the end of the period (in dollars per share) $ 0.893            
Aggregate Intrinsic Value              
Outstanding at the end of the period (in dollars) $ 400,700 $ 107,375          
Vested at the end of the period or expected to vest 400,700            
Exercisable at the end of the period (in dollars) 288,299            
Weighted Average Remaining Contractual Life              
Outstanding at the end of the period 7 years 3 months 18 days 7 years 8 months 16 days          
Vested at the end of the period or expected to vest 7 years 3 months 18 days            
Exercisable at the end of the period 5 years 3 months 22 days            
Additional information on stock options              
Unrecognized compensation cost related to stock options (in dollars) 714,677            
Period of recognition of unrecognized compensation expense 3 years            
Fair value of shares vested (in dollars) $ 880,719            
Stock options outstanding but not vested, Number of Options              
Outstanding at the beginning of the period (in shares) 1,489,000            
Granted (in shares) 50,000       50,000   50,000
Forfeited (in shares) (10,000)            
Vested (in shares) (563,000)            
Outstanding at the end of the period (in shares) 966,000 1,489,000          
Stock options outstanding but not vested, Weighted Average Exercise Price              
Outstanding at the beginning of the period (in dollars per share) $ 1.205            
Granted (in dollars per share) $ 0.7000           $ 0.70
Forfeited (in dollars per share) $ 1.045            
Vested (in dollars per share) $ 1.071            
Outstanding at the end of the period (in dollars per share) $ 1.255 $ 1.205