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INTEREST EXPENSE (Details) (USD $)
12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Interest Expense [Abstract]    
Interest expense on secured credit facility $ (81,204) $ (95,155)
Interest expense for tax positions related to unauthorized transactions (44,015) (325,370)
Interest reversals for tax positions related to unauthorized transactions 251,485 487,553
Other interest expense (1,843) (14,609)
Interest (expense) reversal $ 124,423 $ 52,419