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EMPLOYEE BENEFIT PLAN
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12 Months Ended |
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Jun. 30, 2012
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| Compensation and Retirement Disclosure [Abstract] | |
| Compensation and Employee Benefit Plans [Text Block] | 14. EMPLOYEE BENEFIT PLAN The Company has adopted a 401(k) plan for the benefit of employees. Essentially all employees are eligible to participate. The Company also contributes to the plan under a safe harbor plan requiring a 3% contribution for all eligible participants. In addition, the Company may contribute a 3% elective match. Contributions and other costs of the plan included in the accompanying financial statements for the years ended June 30, 2012 and 2011were $18,812 and $7,768, respectively. |