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STOCK OPTIONS AND WARRANTS (Details 3) (USD $)
12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Jun. 30, 2011
Jun. 30, 2012
Feb. 02, 2012
Jun. 30, 2010
Jun. 30, 2011
Maximum
Jun. 30, 2012
Warrants
Jun. 30, 2011
Warrants
Jun. 30, 2010
Warrants
Jun. 30, 2009
Warrants
Dec. 31, 2009
Warrants
Jun. 30, 2011
Warrants
Maximum
Jun. 30, 2012
Exercise price of $ 0.90
Warrants
Jun. 30, 2011
Exercise price of $ 0.90
Warrants
Jun. 30, 2012
Exercise price of $ 0.98
Warrants
Jun. 30, 2011
Exercise price of $ 0.98
Warrants
Jun. 30, 2012
Exercise price of $ 1.58
Warrants
Jun. 30, 2011
Exercise price of $ 1.58
Warrants
Jun. 30, 2012
Exercise price of $ 3.50
Warrants
Jun. 30, 2012
Exercise price of $ 3.50
Warrants
Maximum
Jun. 30, 2012
Exercise price of $ 4.00
Warrants
Jun. 30, 2011
Exercise price of $ 4.00
Warrants
Warrants                                          
Outstanding at the beginning of the period (in shares)           3,858,693 11,065,128 10,343,131                          
Warrants granted (number of warrants)           10,000,000   6,938,462                          
Warrants exercised (number of warrants) (6,164,213)         (430,000) (7,106,435) (5,166,465)                          
Warrants cancelled (number of warrants)             (100,000) (1,050,000)                          
Outstanding at the end of the period (in shares)           13,428,693 3,858,693 11,065,128 10,343,131                        
Weighted average share price                                          
Outstanding at the beginning of the period (in dollars per share)           $ 1.26 $ 1.25 $ 1.99                          
Granted (in dollars per share)           $ 3.50   $ 1.16                          
Exercised (in dollars per share)           $ 0.90 $ 1.20 $ 0.94                          
Expired (in dollars per share)             $ 4.00 $ 4.05                          
Outstanding at the end of the period (in dollars per share)           $ 2.94 $ 1.26 $ 1.25 $ 1.99                        
Aggregate intrinsic value                                          
Outstanding at the end of the period             $ 11,737,345 $ 1,168,000 $ 45,375                        
Weighted average remaining contractual life (years)                                          
Outstanding at the end of the period           1 year 29 days 3 years 11 days 3 years 11 months 5 days 5 years 7 months 2 days                        
Warrants outstanding and exercisable                                          
Average exercise price of warrants (in dollars per share) $ 1.26 $ 2.94 $ 3.50 $ 1.25 $ 1.58         $ 0.98 $ 1.58 $ 0.90 $ 0.90 $ 0.98 $ 0.98 $ 1.58 $ 1.58 $ 3.50   $ 4.00 $ 4.00
Outstanding Number of Shares           13,428,693 3,858,693         2,810,000 3,240,000 10,833 10,833 207,860 207,860 10,000,000   400,000 400,000
Remaining Life                       2 years 3 years 2 years 3 years 3 years 4 years   1 year 2 years 3 years
Exercisable Number of Shares           3,428,693 3,858,693         2,810,000 3,240,000 10,833 10,833 207,860 207,860     400,000 400,000