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INCOME TAXES (Detail) - Reconciliation of statutory tax rate to effective tax rate
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12 Months Ended | |||||
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Jun. 30, 2012
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Jun. 30, 2011
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| Statutory Federal income tax rate | 34.00% | 34.00% | ||||
| State (net of Federal benefit) | 6.00% | 6.00% | ||||
| Non-deductible expenses - change in fair value of derivative financial liability | 26.00% | (7.00%) | ||||
| Research and development tax credit | 7.00% | |||||
| Non utilization of state operating loss (1) | (12.00%) | [1] | [1] | |||
| Other | (4.00%) | (3.00%) | ||||
| Change in valuation allowance | (57.00%) | (30.00%) | ||||
| Effective income tax rate | 0.00% | 0.00% | ||||
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to non utilization of state operating loss. No definition available.
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to research and development credit. No definition available.
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- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to nondeductible expenses under enacted tax laws, or differences in the methodologies used to determine expense amounts for financial statements prepared in accordance with generally accepted accounting principles, not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to all other items not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the state and local income tax expense or benefit, net of the federal tax benefit (expense) thereon, recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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