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COMMON STOCK WARRANTS AND OPTIONS (Detail Textuals) (USD $)
1 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Warrant
Jun. 30, 2011
Warrant
Mar. 17, 2011
Warrant
Oct. 31, 2008
Warrant
SAC
Oct. 17, 2007
Warrant
SAC
Jun. 30, 2009
Warrant
SAC
Maximum
Mar. 14, 2007
Warrant
SAC
Maximum
Jun. 30, 2009
Warrant
SAC
Minimum
Mar. 14, 2007
Warrant
SAC
Minimum
Class of Warrant or Right [Line Items]                      
Number of common stock warrants not exercisable until September 18, 2011       4,264,000              
Warrants issued         364,000   17,532 903,955 903,955 833,333 833,333
Exercise price of shares to be purchased as warrants 2.6058 2.6058     2.6058   7.70 6.40 6.40 5.90 5.90
Granting of the pre-emptive right to purchase number of securities by the SAC           5 years          
Date of exercise of warrants           Sep. 14, 2013          
Percentage of maximum beneficial ownership by SAC and its affiliates can exercise           9.99%          
Common stock warrant liability recorded     $ 1,126 $ 93,624