Annual report pursuant to section 13 and 15(d)

INTANGIBLE ASSETS (Details)

v2.4.0.8
INTANGIBLE ASSETS (Details) (USD $)
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Finite-Lived Intangible Assets [Line Items]    
Impairment of intangible assets $ 58,460 $ 0
Amortized Intangible Assets    
Gross amount 1,082,040 1,021,480
Accumulated amortization (699,182) (604,811)
Aggregate Amortization Expense    
Gross amount 35,910 61,890
License Agreement for MMP Inhibitors [Member]
   
Finite-Lived Intangible Assets [Line Items]    
Number of inventors for the rights to the license agreement 2  
Sub Licensed rights with the University of Florida Research Foundation [Member]
   
Finite-Lived Intangible Assets [Line Items]    
Royalty rate, first tier (in hundredths) 3.00%  
Net sales, first threshold, maximum 10,000,000  
Royalty rate, second tier (in hundredths) 1.80%  
Net sales, second threshold, minimum 10,000,000  
Terms of the sublicense agreement In November 2002, the Company and the University of Florida Research Foundation (the "University") entered into an agreement whereby the University gave the Company exclusive sub-license rights to the use of its patents and patent applications from the effective date of the agreement until the earlier of the date that no licensed patents remain enforceable patents or the payment of earned royalties ceases more than three calendar quarters.  
Regents of the University of Michigan [Member]
   
Finite-Lived Intangible Assets [Line Items]    
Royalty rate, first tier (in hundredths) 4.00%  
Royalty rate on sublicense granted by the Company (in hundredths) 20.00%  
Initial license fees 80,000  
License fees due in first year 50,000  
License fees due in second year 50,000  
License fees due in third year 75,000  
License fees due in fourth year and thereafter 100,000  
Intrinsically Bactericidal Absorbent Dressing And Method Of Fabrication, Patents [Member]
   
Amortized Intangible Assets    
Gross amount 35,470  
License Agreement [Member]
   
Amortized Intangible Assets    
Gross amount 619,675 648,123
Accumulated amortization (525,282) (604,811)
Patent In Process [Member]
   
Amortized Intangible Assets    
Gross amount 462,365 373,357
Accumulated amortization $ (173,900) $ 0