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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)
3 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Net loss per common share    
Total shares excluded from calculation 3,002,901 1,365,243
Stock options
   
Net loss per common share    
Total shares excluded from calculation 480,415 447,025
Unvested restricted stock and restricted stock units
   
Net loss per common share    
Total shares excluded from calculation 40,121 9,671
Preferred stock
   
Net loss per common share    
Total shares excluded from calculation 73,747 73,747
Contingently issuable common stock and common stock warrants associated with Economic Rights
   
Net loss per common share    
Total shares excluded from calculation 435,187  
Common stock warrants
   
Net loss per common share    
Total shares excluded from calculation 1,973,431 834,800