INCOME TAXES (Tables)

9 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of income tax benefit in the provision for income taxes

	Three months ended			Nine months  ended
	March 31, 2014			March 31, 2014
Income before benefit from income taxes	$	138,806		$	855,474
Estimated annual effective tax rate		0	%		0	%
Provision (benefit) for income taxes	$	-		$	-
Reversal of provision for income taxes recorded for the six months ended December 31, 2013	$	(13,823	)	$	-
Benefit from reduction of valuation allowances		(26,713,897	)		(26,713,897	)
Benefit from income taxes	$	(26,727,720	)	$	(26,713,897	)