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NOTE 8 - CAPITAL STOCK - (Details Narrative) - shares | 12 Months Ended |  |  |
--- | --- | --- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2013 | Aug. 10, 2010 | Apr. 23, 2010 | Jul. 01, 2002
Shares reserved for 2010 Stock Bonus Plan |  |  |  |  | 2,000,000 |
Shares Registered under Form S-8 for 2010 Stock Bonus Plan |  |  |  | 2,000,000 |  |
Common Stock available under2010 Stock Bonus Plan | 953,367 |  |  |  |  |
Shares issued under 2010 Stock Bonus Plan | 5,000 | 46,708 | 67,870 |  |  |
Issuance of stock options for 2002 Stock Option Plan |  |  |  |  |  | 100,000
Stock options expired under 2002 Stock Option Plan |  | 6,610 |  |  |  |
Options outstanding under 2002 Stock Option Plan | 0 |  |  |  |  |
Common stock available under 2005 Stock Option Plan | 0 |  |  |  |  |
Common Stock |  |  |  |  |  |
Dividends Payable Nature | Cash dividends payable on the common stock shall, in all cases, be on a per share basis, one hundred twenty percent (120%) of the cash dividend payable on shares of Class B common stock and three hundred sixty percent (360%) of the cash dividend payable on a share of Class C common stock. |  |  |  |  |
Class B Members |  |  |  |  |  |
Terms of Conversion | Class B common stock is convertible into shares of common stock on a one-for-one basis. |  |  |  |  |
Shares Outstanding | There were 146 and 146 of such shares outstanding at June 30, 2014 and 2013, respectively. |  |  |  |  |
Votes Per Share | Class B common stock has 10 votes per share. |  |  |  |  |
Class C Common Stock |  |  |  |  |  |
Terms of Conversion | On April 3, 1995, the stockholders ratified a proposal creating a new Class C common stock and authorized the exchange offering of three shares of Class C common stock for each share of the Companys outstanding Class B common stock. The Class C common stock was offered on a three-for-one basis to the holders of the Class B common stock. Although having greater voting power, each share of Class C common stock has only one-third of the rights of a share of Class B common stock to dividends and distributions. Class C common stock is convertible into shares of common stock on a three-for-one basis. |  |  |  |  |
Votes Per Share | The Class C common stock has 25 votes per share, as compared to 10 votes per share for the Class B common stock and one vote per share for the common stock. |  |  |  |  |
Class A Non Voting Preferred Stock |  |  |  |  |  |
Dividends Payable Nature | On April 3, 1995, the stockholders ratified a proposal consisting of the creation of a new class of Class A non-voting preferred stock with special dividend rights and the declaration of a stock dividend on the Companys common stock consisting of one share of Class A non-voting preferred stock for every five shares of common stock. The stock dividend was payable to holders of common stock on October 20, 1995. The Class A non-voting preferred stock is entitled to a special dividend equal to 3-1/4% of first $10 million, 4-1/2% of next $20 million and 5-1/2% on amounts in excess of $30 million of the amount of any cash awards or settlements received by the Company in connection with the enforcement of five of the Companys patents in its patent lawsuits, less the revised special dividend payable on the common stock with respect to one of the Companys patents. The Class A non-voting preferred stock participates on an equal per share basis with the common stock in any dividends declared and ranks equally with the common stock on distribution rights, liquidation rights and other rights and preferences (other than the voting rights). |  |  |  |  |
Shares Outstanding | Class A non-voting preferred stock issued pursuant to such stock dividend approximates 313,000 shares. |  |  |  |  |
Votes Per Share | The Class A non-voting preferred stock has no voting rights. |  |  |  |  |

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- Definition On April 23, 2010, the Board approved the 2010 Stock Bonus Plan which entitles the Company to reserve 2,000,000 shares of the common stock. + References No definition available. + Details
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