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PREFERRED STOCK (Detail Textuals 1) (Series A Preferred Stock, USD $)
 12 Months Ended
Jun. 30, 2012
Jun. 30, 2010
Class of Stock [Line Items]    
Preferred stock shares retired by company 65,802 65,802
Value of preferred stock purchased from open market   $ 598,464
Minimum
    
Class of Stock [Line Items]    
Open market purchase price of preferred Stock (in dollars per share)   $ 8
Maximum
    
Class of Stock [Line Items]    
Open market purchase price of preferred Stock (in dollars per share)   $ 9