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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)

9 Months Ended

Mar. 31, 2013

Compensatory Equity Incentive Plan And Other Equity Incentives Tables

Schedule of Share Based Compensation Award Plans

						Award Shares				Available for
		Award Shares				Outstanding				Issuance
		Authorized				at March 31,				at March 31,
Equity Compensation Arrangement						2013				2013
Amended and Restated Omnibus Incentive Plan			2,715,625				1,435,345				834,887
Employee Stock Purchase Plan			200,000				—				109,457
			2,915,625				1,435,345				944,344

Schedule of Fair Value Assumptions

		Nine months ended		Nine months ended
		March 31, 2013		March 31, 2012
Expected volatility		110% - 120%		121% - 122%
Weighted average expected volatility		110% - 120%		121% - 122%
Dividend yields		0%		0%
Risk-free interest rate		0.67% - 1.72%		1.59% - 2.01%
Expected term, in years		6.25		3 - 7

Schedule of Share Based Compensation Activity

		Stock Options												Restricted 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, 2012			576,393			$	2.61				6.4				594,700				1.0
Granted			98,500				0.96				9.6				240,000				2.8
Exercised			—				—				—				—				—
Cancelled			(74,248	)			2.27				7.1				—				—
March 31, 2013			600,645			$	2.38				6.2				834,700				1.2
Awards exercisable/vested as of
March 31, 2013			417,395			$	2.76				5.1				463,030				—
Awards unexercisable/unvested as of
March 31, 2013			183,250			$	1.53				8.7				371,670				1.2
			600,645												834,700

The weighted average fair value of shares awarded for the nine months ended March 31, 2013 was:

		Stock
		Options				RSU				All Awards
Weighted average fair value of share awards granted for the nine months ended March 31, 2013		$	0.80			$	0.87			$	0.85

Schedule of Share Based Compensation Future Cost to be Recognized

The compensation cost is expected to be recognized as follows:

						Restricted
		Stock				Stock
		Options				Units				Total
Remainder of the year ended June 30, 2013		$	18,963			$	52,146			$	71,109
Year ended June 30, 2014			57,371				163,769				221,140
Year ended June 30, 2015			27,092				88,055				115,147
Year ended June 30, 2016			12,749				34,597				47,346
Year ended June 30, 2017			3,022				—				3,022
		$	119,197			$	338,567			$	457,764

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, 2012			198,125				235,000				433,125			$	2.42
Granted			98,500				240,000				338,500				0.85
Vested			(59,875	)			(103,330	)			(163,205	)			1.91
Cancelled/Forfeited			(53,500	)			—				(53,500	)			1.64
March 31, 2013			183,250				371,670				554,920			$	1.57

Schedule of Financial Statement Effect Related to Share Based Compensation

The following table shows total stock-based compensation expense for the nine months ended March 31, 2013 and 2012 included in the consolidated statements of operations and comprehensive income:

		(unaudited)				(unaudited)
		Nine months ended				Nine months ended
		March 31,				March 31,
		2013				2012
Stock options			46,323				69,455
RSU			150,875				133,347
Total			197,198				202,802
The amounts above were included in:
General & administrative			194,741				188,221
Cost of sales			(4,349	)			6,661
New product development			6,806				7,920
			197,198				202,802

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Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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