COMMON STOCK WARRANTS AND OPTIONS - Summary of common Stock Option activity (Details 3) (Stock options, USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Options Outstanding
Outstanding and exercisable at the beginning		45,333	90,666
Granted	120,000
Expired		(45,333)	(45,333)
Outstanding and exercisable at the ending	120,000		45,333	90,666
Exercise Price Per Share
Outstanding and exercisable at the beginning
Granted	$ 2.05
Expired
Outstanding and exercisable at the ending	$ 2.05
Weighted-Average Exercise Price
Outstanding and exercisable at the beginning		$ 7.53	$ 7.53
Granted	$ 2.05
Expired		$ 7.53	$ 7.53
Outstanding and exercisable at the ending	$ 2.05		$ 7.53	$ 7.53
Minimum
Exercise Price Per Share
Outstanding and exercisable at the beginning		$ 7.50	$ 7.50
Granted
Expired		$ 7.50	$ 7.50
Outstanding and exercisable at the ending			$ 7.50
Maximum
Exercise Price Per Share
Outstanding and exercisable at the beginning		$ 8	$ 8
Granted
Expired		$ 8	$ 8
Outstanding and exercisable at the ending			$ 8