STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2012

Warrants Issued as Settlements
	Number of Warrants			Weighted Average Exercise Price		Remaining Contractual Life
Balance at June 30, 2010		474,508		$	1.05		2.92
Granted		-		$	-		-
Exercised		-		$	-		-
Forfeited		-		$	-		-
Expired		-		$	-		-
Outstanding at June 30, 2011		474,508		$	1.05		1.92
Exercisable at June 30, 2011		474,058		$	1.05		1.92

Weighted average fair value of warrants granted during the year ended June 30, 2011					N/A

Balance at June 30, 2011		474,058		$	1.05		1.92
Granted		-		$	-		-
Exercised		(130,000	)	$	0.50		-
Forfeited		-		$	-		-
Expired		-		$	-		-
Outstanding at June 30, 2012		344,058		$	1.05		0.92
Exercisable at June 30, 2012		344,058		$	1.05		0.92

Weighted average fair value of warrants extended during the year ended June 30, 2012					N/A

Employee Options and Stock Appreciation Rights [Member]

Employee Options
	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Balance at June 30, 2010		1,649,007		$	0.88		6.40
Granted		3,290,500		$	1.22		10.00
Exercised				$	-		-
Forfeited		(500,000	)	$	1.00		-
Expired		-		$	-		-
Outstanding at June 30, 2011		4,439,507		$	1.12		5.39	$	2,787,063
Exercisable at June 30, 2011		1,952,919		$	0.99		4.51	$	1,487,668

Weighted average fair value of options granted during the year ended June 30, 2011				$	0.82

Balance at June 30, 2011		4,439,507		$	1.12		5.39
Granted		675,000		$	0.75		10.00
Exercised		-		$	-		-
Forfeited		-		$	-		7.47
Expired		(525,000	)	$	1.00
Outstanding at June 30, 2012		4,589,507		$	1.04		5.95	$	339,417
Exercisable at June 30, 2012		2,808,088		$	1.05		5.03	$	181,750

Weighted average fair value of options granted during the year ended June 30, 2012				$	0.56

Options Issued to Directors [Member]

Options Issued to Directors
	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Balance at June 30, 2010		370,000		$	1.28		7.41
Granted		420,000		$	1.22		10.00
Exercised		-		$	-		-
Forfeited		-		$	-		-
Expired		-		$	-		-
Outstanding at June 30, 2011		790,000		$	1.25		7.98	$	407,850
Exercisable at June 30, 2011		491,666		$	1.22		7.08	$	272,900

Weighted average fair value of options granted during the year ended June 30, 2011				$	0.84

Balance at June 30, 2011		790,000		$	1.25		7.98
Granted		280,000		$	1.60		10.00
Exercised		(35,000	)	$	0.95		-
Forfeited		(142,500	)	$	1.46		-
Expired		(35,000	)	$	0.95		-
Outstanding at June 30, 2012		857,500		$	1.36		7.96	$	24,820
Exercisable at June 30, 2012		724,666		$	1.39		7.83	$	14,612

Weighted average fair value of options granted during the year ended June 30, 2012				$	1.27

Non-Employee, Non-Director Options [Member]

Non-Employee, Non-Director Options
	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Balance at June 30, 2010		155,000		$	1.00		4.53
Granted		485,000		$	1.22		5.00
Exercised		(100,000	)	$	1.22		-
Forfeited		-		$	-		-
Expired		-		$	-		-
Outstanding at June 30, 2011		540,000		$	1.16		3.14	$	319,750
Exercisable at June 30, 2011		540,000		$	1.16		3.14	$	319,750

Weighted average fair value of options granted during the year ended June 30, 2011				$	0.79

Balance at June 30, 2011		540,000		$	1.16		3.14
Granted		-		$	-		-
Exercised		-		$	-		-
Forfeited		-		$	-		-
Expired		-		$	-		-
Outstanding at June 30, 2012		540,000		$	1.16		2.14	$	-
Exercisable at June 30, 2012		540,000		$	1.16		2.14	$	-

Weighted average fair value of options granted during the year ended June 30, 2012					N/A

Warrants Issued for Cash or Services [Member]

Warrants issued for cash
	Number of Warrants			Weighted Average Exercise Price		Remaining Contractual Life
Balance at June 30, 2010		2,733,303		$	1.56		2.37
Granted		2,341,200		$	1.31		5.0
Exercised		(423,303	)	$	1.25		-
Forfeited		-		$	-		-
Expired		-		$	-		-
Outstanding at June 30, 2011		4,651,200		$	1.46		2.68
Exercisable at June 30, 2011		4,651,200		$	1.46		2.68

Weighted average fair value of warrants granted during the year ended June 30, 2011					N/A

Balance at June 30, 2011		4,651,200		$	1.46		2.68
Granted		-		$	-		-
Exercised		(85,000	)	$	0.50		-
Exercise rescission		45,000		$	1.25		-
Forfeited		-		$	-		-
Expired		(150,000	)	$	1.50		-
Outstanding at June 30, 2012		4,461,200		$	1.46		2.46
Exercisable at June 30, 2012		4,461,200		$	1.46		2.46

Weighted average fair value of warrants granted during the year ended June 30, 2012					N/A