COMMON STOCK (Tables)

12 Months Ended

Jun. 30, 2014

Common Stock [Abstract]

Schedule of reserved shares of common stock for future issuance

Exercise of Common Stock Warrants	4,309,000
Conversions of Preferred Stock and cumulative Preferred Stock dividends	98,197
Issuance under 2012 Stock Incentive Plan	31,484
Issuance under 2013 Stock Incentive Plan	500,000
Issuance under 2014 Stock Option Incentive Plan	750,000
Issuance to former Chief Executive Officer upon the occurrence of a USA Transaction	140,000
Total shares reserved for future issuance	5,828,681

Schedule of nonvested common shares

				Weighted-Average
				Grant-Date
	Shares			Fair Value
Nonvested Shares
Nonvested at June 30, 2011		187,335		$	2.32
Granted		473,285			1.58
Vested		(380,282	)		1.73
Forfeited due to Separation Agreement		(91,667	)		2.00
Forfeited, Director changes		(16,668	)		1.71
Nonvested at June 30, 2012		172,003		$	1.82
Granted		156,429			1.45
Vested		(204,587	)		1.72
Forfeited, Employee shares not earned		(26,699	)		1.52
Nonvested at June 30, 2013		97,146		$	1.52
Granted		10,000			2.17
Vested		(55,001	)		1.62
Forfeited, Director changes		(3,334	)		0.94
Forfeited, Employee shares not earned		(5,000	)		1.52
Nonvested at June 30, 2014		43,811		$	1.59