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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)

12 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Schedule of Share Based Compensation Award Plans

		Award Shares Authorized				Award Shares Outstanding  at June 30, 2012				Available for Issuance at June 30, 2012
Equity Compensation Arrangement
Amended and Res tated Omnibus Incentive Plan			1,715,625				1,171,093				99,139
Employee Stock Purchas e Plan			200,000				-				120,024
			1,915,625				1,171,093				219,163

Schedule of Share Based Compensation Valuation Assumptions

			Year Ended				Year Ended
			June 30, 2012				June 30, 2011
	Expected volatility			119% - 122%				117%
	Weighted average expected volatility			119% - 122%				117%
	Dividend yields			0%				0%
	Risk-free interest rate			0.9% - 2.01%				1.18% - 1.47%
	Expected term, in years			3 - 7				3 - 7

Schedule of Share Based Compensation Activity

 Information Regarding Current Share-based Payment Awards—A summary of the activity for share-based payment awards in the years ended June 30, 2012 and 2011 is presented below:  

														Restricted
		Stock Options												Stock Units (RSUs)
						Weighted				Weighted								Weighted
						Average				Average								Average
						Exercise				Remaining								Remaining
						Price				Contract								Contract
		Shares				(per share)				Life (YRS)				Shares				Life (YRS)
June 30, 2010			437,641			$	6.33				7.3				359,700				0.7
			-
Granted			77,500				2.87				9.3				75,000				2.0
Exercised			(7,270	)			1.05				7.5				-				-
Cancelled			(7,638	)			192.20				-				-				-
June 30, 2011			500,233			$	3.01				6.9				434,700				0.9
Granted			90,000				1.39				9.3				160,000				1.0
Exercised			-				-				-				-				-
Cancelled			(13,840	)			9.14				3.0				-				-
June 30, 2012			576,393			$	2.61				6.4				594,700				1.0
Awards exercisable/
vested as of
June 30, 2012			378,268			$	2.85				5.3				359,700				-
Awards unexercisable/
unvested as of
June 30, 2012			198,125			$	2.15				6.4				235,000				1.0
			576,393												594,700

Schedule of Share Based Compensation Future Cost to be Recognized

						Restricted
		Stock				Stock
		Options				Units				Total
Year ended June 30, 2013		$	79,057			$	168,420			$	247,477
Year ended June 30, 2014			64,254				94,570				158,824
Year ended June 30, 2015			23,587				18,852				42,439
Year ended June 30, 2016			3,929				-				3,929
Year ended June 30, 2017			-				-				-
		$	170,827			$	281,842			$	452,669

Schedule of Share Based Compensation Weighted-Average Grant Date Fair Value

Unexercisable/unvested awards		Stock Options Shares				RSU Shares				Total Shares				Weighted-Average Grant Date Fair Values (per share)
June 30, 2010			180,000				175,000				355,000			$	2.24
Granted			77,500				75,000				152,500				2.58
Vested			(75,000	)			(50,000	)			(125,000	)			2.31
Cancelled/Issued/Forfeited			-				-				-				-
June 30, 2011			182,500				200,000				382,500			$	2.53
Granted			90,000				160,000				250,000				1.30
Vested			(74,375	)			(125,000	)			(192,659	)			2.27
Cancelled/Issued/Forfeited			-				-				-				-
June 30, 2012			198,125				235,000				433,125			$	2.42

Schedule of Financial Statement Effect Related to Share Based Compensation

		Year Ended				Year Ended
		June 30,				June 30,
		2012				2011
Stock options		$	86,096			$	100,766
RSU			185,948				145,383
Total		$	272,044			$	246,149
The amounts above were included in:
General & administrative		$	254,337			$	226,215
Cost of sales			8,328				8,765
New product development			9,379				11,169
		$	272,044			$	246,149

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