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Stock Based Compensation (Tables)
3 Months Ended
Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Restricted Stock and Stock Options
Stock Options. The option awards listed in the table below have been granted to directors, executives and consultants of the Company:
Option Awards
 
Period Granted
 
Options Granted
 
Weighted Average Exercise Price
 
Vesting Period (7)
Expiration Date
September 2011 (1)
 
50,000
 
$13.13
 
Vests over two years, beginning with one-third on the grant date.
September 2016
July 2012 (2)
 
100,000
 
$10.25
 
Vests over two years, beginning with one-third on the grant date.
July 2017
December 2012 (3)
 
250,000
 
$10.20
 
Vests over two years, beginning with one-third on the grant date.
December 2017
June 2013 (4)
 
37,500
 
$10.00
 
Vested Immediately
June 2018
July 2013 (5)
 
5,000
 
$10.00
 
Vested Immediately
July 2018
September 2013 (6)
 
37,500
 
$10.01
 
Vested Immediately
September 2018
September 2013 (6)
 
15,000
 
$10.01
 
Vests over two years, beginning with one-third on the grant date.
September 2018

(1) The Company granted 40,000 stock options to its directors and executives and an additional 10,000 stock options to a former technical consultant, for services performed during fiscal year 2011. 
(2) The Company granted 75,000 stock options to its directors and executives and an additional 25,000 stock options to a former technical consultant for services performed during fiscal year 2012. Of the total options granted as a part of this grant, 25,000 were later forfeited. 
(3) The Company granted 175,000 stock options to its directors and executives and an additional 75,000 stock options to a former technical consultant for services performed during fiscal year 2013. Of the total options granted as a part of this grant, 50,000 were later forfeited. 
(4) The Company granted 37,500 stock options to its executives for services performed during fiscal year 2013. 
(5) The Company granted 5,000 stock options to an employee of Avalon for services performed during fiscal year 2013. 
(6) The Company granted 52,500 stock options to its executives for services performed during the first quarter of fiscal year 2014. 
(7) If at any time there occurs a change of control, as defined in the 2010 Plan, any options that are unvested at that time will immediately vest.
2010 Plan [Member] | Stock Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of the status of stock options granted under the 2010 Plan as of September 30, 2016 and changes during the three months then ended, is presented in the table below: 
 

Three Months Ended
September 30, 2016
 

Shares Under Options

Weighted Average Exercise Price
Outstanding, June 30, 2016

405,000


$10.24
Granted




Exercised

(80,000
)

$11.20
Forfeited




Outstanding, September 30, 2016

325,000


$10.00
Aggregate intrinsic value

$
1,936,550



Exercisable, end of period

325,000


$10.00
Aggregate intrinsic value

$
1,936,550



Available for grant, end of period

114,094