Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)

v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
Jun. 30, 2012
Jun. 30, 2011
Stock Options and Warrants 17,195,098 15,021,162
Common Stock Equivalents 2,753,114 2,396,448
Total Common Stock Equivalents 19,948,212 17,417,610
Employee Stock Option [Member]
   
Stock Options and Warrants 5,378,136 3,443,088
Common Stock Equivalents 0 0
Total Common Stock Equivalents 5,378,136 3,443,088
Non Employee Stock Options [Member]
   
Stock Options and Warrants 275,000 250,000
Common Stock Equivalents 0 0
Total Common Stock Equivalents 275,000 250,000
Common Stock Offering Warrants [Member]
   
Stock Options and Warrants 2,807,322 2,807,322
Common Stock Equivalents 0 0
Total Common Stock Equivalents 2,807,322 2,807,322
Placement Agent Warrants [Member]
   
Stock Options and Warrants 2,973,052 2,937,497
Common Stock Equivalents 0 0
Total Common Stock Equivalents 2,973,052 2,937,497
Affiliate Warrants [Member]
   
Stock Options and Warrants 55,583 55,583
Common Stock Equivalents 0 0
Total Common Stock Equivalents 55,583 55,583
Bridge Financing [Member]
   
Stock Options and Warrants 285,500 285,500
Common Stock Equivalents 166,667 166,667
Total Common Stock Equivalents 452,167 452,167
Convertible Notes Payable Warrants [Member]
   
Stock Options and Warrants 50,000 50,000
Common Stock Equivalents 0 0
Total Common Stock Equivalents 50,000 50,000
Senior Secured Notes Payable Warrants [Member]
   
Stock Options and Warrants 449,999 449,999
Common Stock Equivalents 0 0
Total Common Stock Equivalents 449,999 449,999
Compensatory Warrants [Member]
   
Stock Options and Warrants 300,000 300,000
Common Stock Equivalents 0 0
Total Common Stock Equivalents 300,000 300,000
Bonding Warrants [Member]
   
Stock Options and Warrants 33,120 33,120
Common Stock Equivalents 0 0
Total Common Stock Equivalents 33,120 33,120
Equity Financing Arrangements Warrants [Member]
   
Stock Options and Warrants 881,662 881,662
Common Stock Equivalents 0 0
Total Common Stock Equivalents 881,662 881,662
Consulting Warrants [Member]
   
Stock Options and Warrants 2,500,000 2,500,000
Common Stock Equivalents 0 0
Total Common Stock Equivalents 2,500,000 2,500,000
Series A Convertible Preferred Stock With Warrants [Member]
   
Stock Options and Warrants 20,131 20,131
Common Stock Equivalents 40,263 40,263
Total Common Stock Equivalents 60,394 60,394
Series A-1 Convertible Preferred Stock [Member]
   
Stock Options and Warrants 207,260 207,260
Common Stock Equivalents 414,518 414,518
Total Common Stock Equivalents 621,778 621,778
Series B Convertible Preferred Stock [Member]
   
Stock Options and Warrants 350,000 350,000
Common Stock Equivalents 875,000 875,000
Total Common Stock Equivalents 1,225,000 1,225,000
Series C Convertible Preferred Stock [Member]
   
Stock Options and Warrants 628,333 450,000
Common Stock Equivalents 1,256,666 900,000
Total Common Stock Equivalents 1,884,999 1,350,000