Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Sep. 30, 2012
Disclosure Summary Of Significant Accounting Policies Additional Information [Abstract]  
Fair Value Measurements, Nonrecurring [Table Text Block]

Warrants were determined to have a fair value per share and aggregate as of September 30, 2012 and in aggregate as of June 30, 2012 as follows:

 

    Issued Warrants     Fair Value Per
Share $ as of
September 30, 2012		     Total Fair Value in
Aggregate $ as of
September 30, 2012		     Total Fair Value in
Aggregate $ as of
June 30, 2012		  
                         
June 2012 Warrants     562,551     $ 1.53     $ 862,535     $ 1,158,154  
July 2012 Warrants     338,013     $ 1.56     $ 527,046     $ —  
August 2012 Warrants     120,719     $ 1.58     $ 190,634     $ —  
Advisory Agreement Warrants     1,837,777     $ 1.54     $ 2,831,135     $ 3,784,870