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STOCK OPTIONS (Notes)
 6 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK OPTIONS
STOCK OPTIONS
 
The Company recognizes stock-based compensation expense for options granted under both the 1990 Flexible Incentive Plan and the 2012 Omnibus Incentive Plan, which was approved by the stockholders at the annual meeting held on October 3, 2012. The stock-based compensation relates to stock options granted to employees, non-employee directors and non-employee consultants. In the six months ended December 31, 2012, options to purchase 430,000 shares were granted under the 2012 Omnibus Incentive Plan at a weighted average exercise price of $5.14. In the six months ended December 31, 2011, options to purchase 440,000 shares were granted under the 1990 Flexible Incentive Plan at a weighted average exercise price of $6.30. Stock-based compensation expense during the three and six months ended December 31, 2012 was $145,439 and $293,941, respectively. Stock-based compensation expense during the three and six months ended December 31, 2011 was $137,257 and $261,928, respectively.