FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals 1) (USD $)											1 Months Ended		3 Months Ended
	Sep. 30, 2012		Jun. 30, 2012		Sep. 30, 2011		Jun. 30, 2011		Sep. 30, 2012 Level 1	Jun. 30, 2012 Level 1	Mar. 31, 2011 Level 3	Mar. 31, 2007 Level 3	Sep. 30, 2012 Level 3	Jun. 30, 2012 Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of common stock warrants	$ 455,433	[1]	$ 918,566	[1]	$ 995,644	[1]	$ 2,732,253	[1]	$ 158,092	$ 141,107				$ 134
Fair value of financial instrument													$ 455,433	$ 918,566
Purchase of company's common stock (in shares)											3,900,000	903,955
Valuation method used to determine fair value											proprietary valuation models	Black-Scholes model
Dividend yield													0.00%
Expected stock price volatility													0.68%
Risk free interest rate													0.17%
Expected life													1 year

[1] (unaudited)