DESCRIPTION OF BUSINESS (Details) (USD $)	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012
DESCRIPTION OF BUSINESS [Abstract]
Net loss	$ (7,506,000)	$ (2,283,000)
Net cash used by operating activities	(2,356,000)	(2,065,000)
Capital deficiency	(756,000)		5,386,000
Working capital	8,600,000
Non contingent redemption option, payment amount	$ 13,300,000