INCOME TAXES	3 Months Ended
Dec. 31, 2012
INCOME TAXES [Abstract]
INCOME TAXES	NOTE 5 - INCOME TAXES During the year ended June 30, 2012, the Company recorded $2.0 million to establish a deferred tax valuation allowance on net deferred tax assets. The establishment of valuation allowances and development of projected annual effective tax rates requires significant judgment and is impacted by various estimates. Both positive and negative evidence, as well as the objectivity and verifiability of that evidence, is considered in determining the appropriateness of recording a valuation allowance on deferred tax assets. Under generally accepted accounting principles, the valuation allowance has been recorded to reduce the Company's net deferred tax asset to an amount that is more likely than not to be realized and is based upon the uncertainty of the realization of certain federal and state deferred assets related to net operating loss carryforwards and other tax attributes. The Company's effective tax rate for the six months ended December 31, 2012 was 1.0% reflecting estimated state income taxes. The Company's effective tax rate for the six months ended December 31, 2011 was 35.2%. The Company's tax benefit associated with taxable losses during the six months ended December 31, 2012 was offset by a deferred tax valuation allowance.

INCOME TAXES

3 Months Ended

Dec. 31, 2012

NOTE 5 - INCOME TAXES

During the year ended June 30, 2012, the Company recorded $2.0 million to establish a deferred tax valuation allowance on net deferred tax assets. The establishment of valuation allowances and development of projected annual effective tax rates requires significant judgment and is impacted by various estimates. Both positive and negative evidence, as well as the objectivity and verifiability of that evidence, is considered in determining the appropriateness of recording a valuation allowance on deferred tax assets. Under generally accepted accounting principles, the valuation allowance has been recorded to reduce the Company's net deferred tax asset to an amount that is more likely than not to be realized and is based upon the uncertainty of the realization of certain federal and state deferred assets related to net operating loss carryforwards and other tax attributes.

The Company's effective tax rate for the six months ended December 31, 2012 was 1.0% reflecting estimated state income taxes. The Company's effective tax rate for the six months ended December 31, 2011 was 35.2%. The Company's tax benefit associated with taxable losses during the six months ended December 31, 2012 was offset by a deferred tax valuation allowance.