PREFERRED STOCK (Detail Textuals) (USD $)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Series A Preferred Stock
Class of Stock [Line Items]
An annual cumulative dividend price per share of Series A Preferred Stock (in dollars per share)	$ 1.50
Cumulative unpaid dividends	$ 11,596,324	$ 10,931,872
Cumulative unpaid dividends converted into common shares, Convertible price per common share (in dollars per share)	$ 1,000
Conversion of $33,000 preferred dividends into common stock			$ 33,000
Conversion of preferred stock (in Shares)			1,500
Series A preferred stock, redemption price per share (in dollars per share)	$ 11
Liquidation price to be received by series A preferred stock holder for each outstanding share plus all cumulative unpaid dividends (in dollars per share)	$ 10
Conversion of preferred dividends into common stock (Per share)	0.1938
Preferred stock voting rights	0.1938 of a vote
Common Stock
Class of Stock [Line Items]
Conversion of preferred stock into common stock (in shares)			15
Conversion of $33,000 preferred dividends into common stock (in shares)			33