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Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2013

Summary of Option Vested and Exercisable

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Reserved Shares of Common Stock for Issuance

We have reserved shares of common stock for issuance at June 30, 2013 as follows:

	Reserved Stock Options
Stock options outstanding		2,271,309
Reserved for future grants of stock options		932,650
Total reserved shares of common stock for issuance		3,203,959

Summary of Warrants Activity

The warrants activity is summarized as follows:

	Warrants Outstanding				Weighted Average Exercise Price
Warrants outstanding as of June 30, 2010		1,599,404			$		0.95
Warrants exercised from Bridge Bank agreement		(73,889	)		$		0.90
Warrants exercised from amendment to Notes with related parties		(1,218,493	)		$		0.95
Warrants outstanding as of June 30, 2011		307,022			$		0.95
Warrants exercised from amendment to Notes with related parties		(307,022	)		$		0.95
Warrants outstanding as of June 30, 2012		—			$		0.00
Warrants outstanding as of June 30, 2013		—			$		0.00

Summary of Stock Options Outstanding and Exercisable under All Stock Option Plans

The following table summarizes information about stock options outstanding and exercisable under all stock option plans as of June 30, 2013:

		Options Outstanding							Options Exercisable
Range of Exercise Prices		Number		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price			Number		Weighted Average Exercise Price
$0.30–$0.60		39,268		5.07		$	0.46		39,268		$	0.46
$0.64–$0.64		349,064		1.91			0.64		349,064			0.64
$0.70–$0.70		1,000		2.32			0.70		1,000			0.70
$0.74–$0.74		554,279		6.13			0.74		524,430			0.74
$0.75–$1.10		252,913		4.13			0.97		213,828			0.99
$1.13–$3.32		229,264		5.09			1.99		164,047			1.97
$3.64–$4.60		227,080		8.66			4.08		46,609			3.81
$4.65–$5.28		258,566		8.63			5.18		82,995			5.20
$5.30–$7.97		230,025		8.75			6.45		65,471			6.20
$8.02–$9.00		129,850		9.78			8.38		1,082			8.91
$0.30–$9.00		2,271,309		6.15		$	2.72		1,487,794		$	1.47

Summary of Effect of Stock Based Compensation

The table below summarizes the effect of stock-based compensation (in thousands, except per share amounts):

	Year Ended June 30,
	2013									2012									2011
Non-cash stock-based compensation expense	$		(1,081	)				$				(856	)				$				(218	)
Income tax benefit			—									—									—
Net income effect	$		(1,081	)				$				(856	)				$				(218	)
Net effect on earnings per share, basic and diluted	$		(0.04	)				$				(0.04	)				$				(0.01	)

Valuation Assumptions

During the fiscal year ended June 30, 2013, 2012 and 2011 there were 338,550, 720,300 and 280,450 options granted, respectively, with a weighted-average fair value of $4.05, $3.21 and $1.21, respectively, using the following assumptions:

	Year Ended June 30,
	2013					2012					2011
Dividend yield		—					—					—
Expected volatility		85		%			85		%			82		%
Average risk-free interest rate		0.80		%			0.97		%			1.82		%
Expected life (in years)		4.50					4.48					4.50

2005 Management Stock Option Plan

Activity Plan

The following table represents the activity under the 2005 Management Plan:

	Shares Available for Grant				Options Outstanding				Weighted Average Price
Balance at June 30, 2010		234,250				1,224,400			$		0.78
Options Granted		(115,000	)			115,000			$		1.97
Options Forfeited / Expired		—				(755,000	)				—
Balance at June 30, 2011		119,250				584,400			$		0.93
Shares Authorized for Issuance		500,000				—					—
Options Granted		(340,000	)			340,000			$		4.56
Options Exercised		—				(40,650	)		$		0.69
Options Forfeited / Expired		18,750				(18,750	)		$		2.90
Balance at June 30, 2012		298,000				865,000			$		2.33
Options Exercised		—				(143,671	)		$		1.36
Options Forfeited / Expired		28,022				(28,022	)		$		2.05
Balance at June 30, 2013		326,022				693,307			$		2.54

2005 Stock Incentive Plan

Activity Plan

The following table represents the activity under the 2005 Stock Incentive Plan:

	Shares Available for Grant				Options Outstanding				Weighted Average Price
Balance at June 30, 2010		192,517				1,266,643			$		0.82
Options Granted		(165,450	)			165,450			$		1.89
Options Exercised		—				(110,781	)		$		0.75
Options Forfeited / Expired		71,984				(71,984	)		$		1.03
Balance at June 30, 2011		99,051				1,249,328			$		0.96
Shares Authorized for Issuance		1,000,000				—					—
Options Granted		(380,300	)			380,300			$		5.53
Options Exercised		—				(54,713	)		$		0.95
Options Forfeited / Expired		75,154				(75,154	)		$		4.04
Balance at June 30, 2012		793,905				1,499,761			$		1.96
Options Granted		(338,550	)			338,550			$		6.48
Options Exercised		—				(321,778	)		$		1.03
Options Forfeited / Expired		151,273				(151,273	)		$		4.13
Balance at June 30, 2013		606,628				1,365,260			$		3.06

2000 Non-Management Stock Option Plan

Activity Plan

The following table represents the activity under the 2000 Plan:

	Shares Available for Grant				Options Outstanding				Weighted Average Price
Balance at June 30, 2010		1,578				192,767			$		7.07
Options Granted		—				(25,953	)		$		0.90
Options Forfeited / Expired		58,293				(58,293	)		$		19.86
Plan Shares Expired		(59,871	)			—					—
Balance at June 30, 2011		—				108,521			$		1.68
Options Exercised		—				(27,655	)		$		1.59
Options Forfeited / Expired		—				(3,389	)		$		11.46
Balance at June 30, 2012		—				77,477			$		1.28
Options Exercised		—				(30,756	)		$		1.68
Options Forfeited / Expired		—				(2,631	)		$		1.60
Balance at June 30, 2013		—				44,090			$		0.99

1998 Stock Plan

Activity Plan

The following table represents the activity under the 1998 Plan:

	Shares Available for Grant				Options Outstanding				Weighted Average Price
Balance at June 30, 2010		70,380				510,392			$		5.20
Options Granted		—				(39,216	)		$		0.73
Options Forfeited / Expired		40,465				(40,465	)		$		34.51
Plan Shares Expired		(110,845	)			—					—
Balance at June 30, 2011		—				430,711			$		2.86
Options Exercised		—				(79,416	)		$		2.43
Options Forfeited / Expired		—				(55,283	)		$		12.21
Balance at June 30, 2012		—				296,012			$		1.22
Options Exercised		—				(124,320	)		$		1.22
Options Forfeited / Expired		—				(3,040	)		$		1.50
Balance at June 30, 2013		—				168,652			$		1.22

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