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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, 2013
Jun. 30, 2012
Feb. 02, 2012
Jun. 30, 2011
Maximum
Jun. 30, 2013
Warrants
Jun. 30, 2012
Warrants
Jun. 30, 2011
Warrants
Jun. 30, 2010
Warrants
Nov. 21, 2012
Warrants
Jun. 30, 2011
Warrants
Maximum
Jun. 30, 2013
Exercise price of $ 7.20
Warrants
Jun. 30, 2012
Exercise price of $ 7.20
Warrants
Jun. 30, 2013
Exercise price of $ 7.84
Warrants
Jun. 30, 2012
Exercise price of $ 7.84
Warrants
Jun. 30, 2013
Exercise price of $ 12.64
Warrants
Jun. 30, 2012
Exercise price of $ 12.64
Warrants
Jun. 30, 2012
Exercise price of $ 28.00
Warrants
Jun. 30, 2012
Exercise price of $ 28.00
Warrants
Maximum
Jun. 30, 2013
Exercise price of $ 32.00
Warrants
Jun. 30, 2012
Exercise price of $ 32.00
Warrants
Warrants                                          
Outstanding at the beginning of the period (in shares)           1,678,587 482,337 1,383,141                          
Warrants granted (number of warrants)           6,375 1,250,000                            
Warrants exercised (number of warrants) (770,527)           (53,750) (888,304)                          
Warrants cancelled (number of warrants)           (1,250,000)   (12,500)                          
Outstanding at the end of the period (in shares)           434,962 1,678,587 482,337 1,383,141                        
Weighted average share price                                          
Outstanding at the beginning of the period (in dollars per share)           $ 23.52 $ 10.08 $ 10.00                          
Granted (in dollars per share)           $ 7.84 $ 28.00                            
Exercised (in dollars per share)             $ 7.20 $ 9.60                          
Expired (in dollars per share)           $ 28.00   $ 32.00                          
Outstanding at the end of the period (in dollars per share)           $ 10.40 $ 23.52 $ 10.08 $ 10.00                        
Weighted average remaining contractual life (years)                                          
Outstanding at the end of the period           1 year 7 days 1 year 29 days 3 years 11 days 3 years 11 months 5 days                        
Aggregate intrinsic value                                          
Outstanding at the end of the period               $ 11,737,345 $ 1,168,000                        
Warrants outstanding and exercisable                                          
Average exercise price of warrants (in dollars per share) $ 10.08 $ 10.40 $ 23.52 $ 28.00 $ 12.64         $ 7.84 $ 12.64 $ 7.20 $ 7.20 $ 7.84 $ 7.84 $ 12.64 $ 12.64 $ 28.00   $ 32.00 $ 32.00
Outstanding Number of Shares           434,962 1,678,587         351,250 351,250 7,729 1,354 25,983 25,983 1,250,000   50,000 50,000
Remaining Life                       1 year 2 years 1 year 2 years 2 years 3 years   1 year 1 year 2 years
Exercisable Number of Shares           434,962 428,587         351,250 351,250 7,729 1,354 25,983 25,983     50,000 50,000