INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Schedule of income tax benefit in the provision for income taxes

	June 30,
	2014			2013
Deferred tax assets:
Net operating loss carryforwards	$	47,776,042		$	49,534,732
Deferred research and development costs		710,640			135,189
Intangibles		907,274			1,132,471
Stock-based compensation		250,426			230,452
Deferred gain on assets under sale-leaseback transaction		460,902			-
Other		740,040			671,947
		50,845,324			51,704,791
Deferred tax liabilities:
Intangibles and goodwill		(67,459	)		(40,245	)
Fixed Assets		(683,159	)		(585,889	)
Deferred tax assets, net		50,094,706			51,078,657
Valuation allowance		(22,833,685	)		(51,118,902	)
Deferred tax assets (liabilties), net of allowance		27,261,021			(40,245	)
Less current portion		907,691			-
Deferred tax assets (liabilties), non-current	$	26,353,330		$	(40,245	)