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STOCK OPTIONS AND WARRANTS (Details 2) (USD $)
12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2013
Feb. 02, 2012
Jun. 30, 2011
Maximum
Jun. 30, 2011
Minimum
Jun. 30, 2011
Warrant issued to YA Global
Nov. 21, 2012
Warrants
Jun. 30, 2013
Warrants
Jun. 30, 2012
Warrants
Jun. 30, 2011
Warrants
Jun. 30, 2011
Warrants
Maximum
Jun. 30, 2011
Warrants
Minimum
Feb. 29, 2012
Warrants
Warrants issued to institutional investor
Jun. 30, 2012
Warrants
Warrants issued to institutional investor
Jun. 30, 2011
Warrants
Warrant issued to YA Global
Jun. 30, 2012
Common Stock
Jun. 30, 2011
Common Stock
Jun. 30, 2011
Common Stock
Warrant issued to YA Global
Nov. 21, 2012
Common Stock
Warrants
Feb. 29, 2012
Common Stock
Warrants
Warrants issued to institutional investor
Jun. 30, 2011
Common Stock
Warrants
Warrant issued to YA Global
Stock options and warrants                                            
Number of shares that can be purchased upon exercise of warrants 1,700,000 500,000 400,000 1,250,000                               6,375 1,250,000  
Exercise price (in dollars per share) $ 23.52 $ 10.08 $ 10.40 $ 28.00 $ 12.64 $ 7.84   $ 7.84       $ 12.64 $ 7.84 $ 28.00                
Term of warrants               24 months           14 months                
Period after which warrants or rights are exercisable                           6 months                
Relative fair value of warrants issued               $ 16,000           $ 7,820,000                
Number of shares issued in the transaction                                 1,250,000 [1] 5,468,750 [1]     1,250,000  
Relative fair value of shares issued in the transaction                                         22,180,000  
Significant assumptions used to compute the fair market value                                            
Risk-free interest rate (as a percent)                 0.17%           0.15%              
Dividend yield (as a percent)                 0.00%           0.00%              
Volatility factor (as a percent)                 114.00%           105.00%              
Expected life / remaining term (months / years)                 12 months           14 months              
Warrants, additional disclosure                                            
Warrants exercised (number of warrants)   770,527               53,750 888,304                      
Proceeds from exercise of warrants   $ 7,709,000                 $ 7,709,000                      
Warrants cancelled (number of warrants)                 1,250,000   12,500                      
Exercise price of warrants cancelled (in dollars per share)                     $ 4.00                      
Number of warrants exercised on cashless basis 53,750           87,778                 87,778            
Number of shares issued upon exercise of warrants on cashless basis 42,526                                 48,106 [1] 48,106     384,848
[1] All share amounts and computations using such amounts have been retroactively adjusted to reflect the July 1, 2013 1-for-8 reverse stock split.