FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals) (USD $) Share data in Millions, unless otherwise specified							1 Months Ended
	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2012	Mar. 31, 2014 Level 1	Jun. 30, 2013 Level 1	Mar. 31, 2011 Level 3	Mar. 31, 2014 Level 3	Jun. 30, 2013 Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents						$ 192,620
Fair value of common stock warrants	$ 638,334	$ 650,638	$ 2,168,022	$ 918,566
Purchase of company's common stock (in shares)							3.9
Valuation method used to determine fair value							Proprietary valuation models