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Stockholders' Equity (Tables)

6 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes vested and unvested stock option activity:

	All Options				Vested Options				Unvested Options
			Weighted				Weighted				Weighted
			Average				Average				Average
			Exercise				Exercise				Exercise
	Shares		Price		Shares		Price		Shares		Price
Outstanding at June 30, 2014		1,888,851		1.27		1,526,130		1.21		362,721		1.53
Granted		65,650		0.76		15,000		0.77		50,650		0.76
Options vesting		-		-		156,912		1.54		(156,912)		1.54
Exercised		-		-		-		-		-		-
Forfeited/Cancelled		-		-		-		-		-		-
Outstanding at December 31, 2014		1,954,501	$	1.25		1,698,042	$	1.23		256,459	$	1.38

Schedule of Share-based Compensation, by Exercise Price Range

Additional information regarding stock options outstanding and exercisable as of December 31, 2014 is as follows:

Option				Remaining
Exercise		Options		Contractual		Options
Price		Outstanding		Life (in years)		Exercisable
$	0.65		6,150		9.86		-
	0.77		59,500		9.64		15,000
	1.00		347,000		4.41		347,000
	1.02		287,000		5.58		287,000
	1.07		53,898		7.79		48,898
	1.15		278,000		8.11		235,333
	1.20		31,414		9.39		-
	1.25		32,000		8.13		21,333
	1.30		263,000		7.18		263,000
	1.50		380,000		3.06		380,000
	1.75		1,067		9.08		-
	1.80		190,050		8.73		86,004
	1.85		24,000		8.39		14,000
	1.97		1,422		8.90		474
	Total		1,954,501				1,698,042

Schedule Of Share Based Compensation Other Than Options, Activity

The following table summarizes warrant activity:

			Weighted
			Average
	Number of		Exercise
	Warrants		Price
Outstanding, June 30, 2014		904,998		1.73
Granted		-		-
Exercised		-		-
Expired		(599,998)		1.97
Outstanding, December 31, 2014		305,000	$	1.26
Exercisable, June 30, 2014		904,998	$	1.73
Exercisable, December 31, 2014		305,000	$	1.26

Schedule Warrants Outstanding and Exercisable

Additional information regarding warrants outstanding and exercisable as of December 31, 2014 is as follows:

				Remaining
Warrant		Warrants		Contractual		Warrants
Exercise Price		Outstanding		Life (in years)		Exercisable
$	1.19		150,000		6.98		150,000
	1.25		150,000		0.85		150,000
	3.50		2,500		1.50		2,500
	4.00		2,500		1.50		2,500
	Total		305,000				305,000

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes restricted common stock activity:

			Weighted
			Average
	Number of		Grant Date
	Shares		Fair Value
Non-vested, June 30, 2014		227,827		1.72
Granted		371,060		0.73
Vested		(85,941)		1.81
Forfeited		-		-
Non-vested, December 31, 2014		512,946	$	0.99

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References+ Details