FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair value of the company's financial instruments that are required to be measured at fair value (Details) (USD $)	Mar. 31, 2013	Jun. 30, 2012
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 192,572	$ 141,107
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	2,167,854	917,440
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	168	1,126
Total
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	192,572	141,107
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	2,167,854	917,440
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	$ 168	$ 1,126