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Share-Based Compensation (Tables)
3 Months Ended
Sep. 30, 2012
Share-Based Compensation [Abstract]  
Share-based compensation expense for options granted
         
    2012   2011

Dividend rate

  None   None

Price volatility

  87%   42%

Risk-free interest rate

  0.9%   0.9%-1.4%

Expected life

  6.0 years   6.5 years
Summary of stock option activity
                                 
    2012     2011  
    Shares     Weighted-
Average
Exercise
Price
    Shares     Weighted-
Average
Exercise
Price
 

Outstanding at beginning of period

    591,672     $ 2.48       320,842     $ 3.04  

Granted

    35,000       1.73       115,000       1.80  

Exercised

    —         —         —         —    

Forfeited

    (13,334     7.74       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Outstanding at end of period

    613,338     $ 2.33       435,842     $ 2.71  

Exercisable at end of period

    268,893     $ 2.84       228,064     $ 3.44  

Weighted-average fair value per option granted during the period

          $ 1.25             $ 0.78  
Summary of information regarding options outstanding and options exercisable under the Plans
                                                                 
    Options Outstanding     Options Exercisable  

Range of

Exercise Price

  Number
Outstanding
    Average
Contractual
Life
    Average
Exercise
Price
    Aggregate
Intrinsic
Value
    Number
Outstanding
    Average
Remaining
Contractual
Life
    Average
Exercise
Price
    Aggregate
Intrinsic
Value
 

$1.35 to $3.48

    548,334       8.9 years     $ 1.94     $ 9,734       203,889       8.1 years     $ 1.97     $ 9,734  

$3.49 to $5.62

    50,003       3.5 years     $ 3.32       —         50,003       3.5 years     $ 4.81       —    

$5.63 to $7.76

    10,001       3.0 years     $ 7.33       —         10,001       3.0 years     $ 7.33       —    

$7.77 to $9.90

    5,000       2.8 years     $ 9.90       —         5,000       2.8 years     $ 9.90       —    
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

    613,338       8.4 years     $ 2.33     $ 9,734       268,893       7.0 years     $ 2.84     $ 9,734  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of restricted share activity
                 
    Shares     Weighted-Average
Exercise Price
 

Outstanding at beginning of year

    —            

Granted

    35,000     $ 1.73  

Vested

    —         —    

Forfeited

    —         —    
   

 

 

   

 

 

 

Outstanding at end of period

    35,000     $ 1.73  
   

 

 

   

 

 

 

Exercisable at end of period

    —         —