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COMMON STOCK WARRANTS AND OPTIONS (Detail Textuals 4) (USD $)
Jun. 30, 2012
Jun. 30, 2011
Mar. 17, 2011
Class of Warrant or Right [Line Items]      
Exercise price of shares to be purchased as warrants 2.6058 2.6058  
Warrant
     
Class of Warrant or Right [Line Items]      
Warrants issued     364,000
Exercise price of shares to be purchased as warrants     2.6058
Common stock warrant liability recorded $ 918,566 $ 2,732,253  
Warrant | Private Placement Offering 2011
     
Class of Warrant or Right [Line Items]      
Warrants issued 3,900,000    
Exercise price of shares to be purchased as warrants 2.6058    
Number of warrants exercisable 4,264,000    
Warrant | Private Placement Offering 2011 | Placement Agent
     
Class of Warrant or Right [Line Items]      
Warrants issued 364,000    
Exercise price of shares to be purchased as warrants 2.6058