FAIR VALUE OF FINANCIAL INSTRUMENTS - Changes in fair value of the Company's level 3 financial instruments (unaudited) (Details 1) (USD $)	6 Months Ended
Dec. 31, 2012	Dec. 31, 2011
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning of period	$ 918,566	$ 2,732,253
Purchase, sales, issuance, settlements, or transfers
Gain due to change in fair value of warrant liabilities, net	(59,498)	(1,888,368)
Balance, End of period	$ 859,068	$ 843,885

This item represents the amount of the total realized and unrealized gains or losses for the period which are included in the statement of income (or changes in net assets) in other income; the fair value of which liabilities was or is measured on a recurring basis using significant unobservable inputs (Level 3).

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph c(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration