COMMON STOCK (Tables)

12 Months Ended

Jun. 30, 2013

Common Stock [Abstract]

Schedule of reserved shares of common stock for future issuance

Exercise of Common Stock Warrants	6,412,768
Conversions of Preferred Stock and cumulative Preferred Stock dividends	97,444
Issuance under 2012 Stock Incentive Plan	196,385
Issuance under 2013 Stock Incentive Plan	500,000
Issuance to former Chief Executive Officer upon the occurrence of a USA Transaction	140,000
Total shares reserved for future issuance	7,346,597

Schedule of nonvested common shares

				Weighted-Average
				Grant-Date
	Shares			Fair Value
Nonvested Shares
Nonvested at June 30, 2010		13,000		$	1.75
Granted		305,000			2.18
Vested		(130,665	)		1.93
Nonvested at June 30, 2011		187,335		$	2.32
Granted		473,285			1.58
Vested		(380,282	)		1.73
Forfeited due to Separation Agreement		(91,667	)		2.00
Forfeited, Director changes		(16,668	)		1.71
Nonvested at June 30, 2012		172,003		$	1.82
Granted		156,429			1.45
Vested		(204,587	)		1.72
Forfeited, Employee shares not earned		(26,699	)		1.52
Nonvested at June 30, 2013		97,146		$	1.52

Schedule of common stock warrant activity

	Warrants
Outstanding at June 30, 2010		13,526,748
Issued		4,541,670
Exercised		(1,001,219	)
Expired		(1,500,000	)
Outstanding at June 30, 2011		15,567,199
Issued		-
Exercised		(7,317	)
Expired		(7,514,263	)
Outstanding at June 30, 2012		8,045,619
Issued		45,000
Exercised		(399,597	)
Expired		(329,314	)
Outstanding at June 30, 2013		7,361,708