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INCOME TAXES (Schedule of Reconciliation of Provision (Benefit) for Income Taxes) (Details) (USD $)
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12 Months Ended | |
|---|---|---|
|
Jun. 30, 2012
|
Jun. 30, 2011
|
|
| Amount | ||
| Tax at U.S. statutory rate | $ (2,424,220) | $ (2,049,058) |
| State taxes, net of federal benefit | (258,310) | (217,838) |
| Other | 494,801 | 209,348 |
| Change in valuation allowance | 2,187,729 | 2,057,548 |
| Total income tax expense (benefit) | ||
| Percentage | ||
| Tax at U.S. statutory rate | (34.00%) | (34.00%) |
| State taxes, net of federal benefit | (3.62%) | (3.61%) |
| Other | 7.81% | 3.50% |
| Change in valuation allowance | 29.81% | 34.11% |
| Total effective income tax rate | 0.00% | 0.00% |