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COMMON STOCK (Tables)
 12 Months Ended
Jun. 30, 2012
Common Stock [Abstract]  
Schedule of reserved shares of Common Stock for future issuance
 
Exercise of Common Stock Options
 45,333
Exercise of Common Stock Warrants
 6,782,040
Conversions of Preferred Stock and cumulative Preferred Stock dividends
 15,362
Issuance under 2010 Stock Incentive Plan
 10,941
Issuance under 2011 Stock Incentive Plan
 45,000
Issuance under 2012 Stock Incentive Plan
 500,000
Issuance under Chief Executive Officer’s employment agreement upon the occurrence of a USA Transaction
 140,000
Total shares reserved for future issuance
 7,538,676
Schedule of nonvested common shares
         
Weighted-Average
  
         
Grant-Date
  
   
Shares
    
Fair Value
  
Nonvested Shares
            
Nonvested at June 30, 2009
     331,433     $ 5.81  
Granted
     39,000       1.75  
Vested
     (40,000 )     2.47  
Vested- FY 2010 (LTIP)
     (86,342 )     5.90  
Forfeited- FY 2010 (LTIP)
     (231,091 )     5.90  
Nonvested at June 30, 2010
     13,000     $ 1.75  
Granted
     305,000       2.18  
Vested
     (130,665 )     1.93  
Nonvested at June 30, 2011
     187,335     $ 2.32  
Granted
     473,285       1.58  
Vested
     (380,282 )     1.73  
Forfeited due to Separation Agreement
     (91,667 )     2.00  
Forfeited, Director changes
     (16,668 )     1.71  
Nonvested at June 30, 2012
     172,003     $ 1.82