NOTES PAYABLE - Notes payable (Details) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Notes Payable Tables
Notes payable under venture loan	$ 10,000,000us-gaap_DebtInstrumentCarryingAmount
Less unamortized related debt discount	(265,491)
Notes payable, net of discount	$ 9,734,509us-gaap_LongTermNotesPayable	$ 0us-gaap_LongTermNotesPayable

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Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer.

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- Definition

The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized.

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- Definition

Carrying value as of the balance sheet date of notes payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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