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STOCKHOLDERS’ EQUITY (Tables) | 12 Months Ended
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Jun. 30, 2014
Statement of Stockholders' Equity [Abstract] |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | The table below summarized the restricted shares of common stock issued under the 2009 Plan:
|  |  |  |  | Fair Value |  | Grant Date |
|  | Number of |  | of |  | Fair Value |
|  | Shares |  | Shares |  | Per share |
Outstanding (unvested) at June 30, 2011 |  |  | 281,302 |  | $ | 1,491,969 |  |  |  |
Granted |  |  | 1,000,000 |  |  | 3,370,000 |  | $ | 3.37 |
Forfeited |  |  | - |  |  | - |  |  |  |
Vested |  |  | (560,151) |  |  | (3,224,836) |  |  |  |
Outstanding (unvested) at June 30, 2012 |  |  | 721,151 |  |  | 1,637,133 |  |  |  |
Granted |  |  | 1,750,000 |  |  | 5,132,500 |  | $ | 2.93 |
Forfeited |  |  | - |  |  | - |  |  |  |
Vested |  |  | (818,651) |  |  | (3,100,685) |  |  |  |
Outstanding (unvested) at June 30, 2013 |  |  | 1,652,500 |  |  | 3,668,948 |  |  |  |
Granted |  |  | 1,750,000 |  |  | 7,490,000 |  | $ | 4.28 |
Forfeited |  |  | - |  |  | - |  |  |  |
Vested |  |  | (1,688,500) |  |  | (8,054,189) |  |  |  |
Outstanding (unvested) at June 30, 2014 |  |  | 1,714,000 |  | $ | 3,104,759 |  |  |  |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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