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INCOME TAXES (Detail Textuals) (USD $)
 12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Income Tax Examination [Line Items]    
Net operating loss carryforwards $ 168,327,709  
Capital loss carryforwards   4,759
Maximum amount of net operating loss carryforwards 127,024,196 121,667,065
Deferred tax assets, net 51,708,064 48,973,987
Valuation allowance 51,720,663 48,973,987
Deferred tax liabilities 12,599  
Income tax benefit 1,767,537  
Federal statutory rate 34.00%  
Effects of increases in the valuation allowance 2,327,354  
Amount of increase in deferred tax assets for effects of permanent difference 594,264  
State income taxes net of federal benefit 2,046  
Domestic Tax Authority
    
Income Tax Examination [Line Items]    
Deferred federal income taxes 3,101  
Foreign Tax Authority
    
Income Tax Examination [Line Items]    
Deferred state income taxes $ 9,498