INCOME TAXES (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Income Tax Disclosure [Abstract]
Income before provision for income taxes	$ 138,806	$ (1,009,032)	$ 855,474	$ (802,310)
Estimated annual effective tax rate	0.00%		0.00%
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)	$ 6,911	$ (26,713,897)	$ 20,734