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Note 13 - Incentive and Non-Statutory Stock Option Plan | 3 Months Ended
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Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | NOTE 13 - INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN Common stock purchase options and warrants consisted of the following:
OPTIONS: |  |  |  |  |  |  |  |  |  |  |  |
|  | # of shares |  |  | Weighted Ave Exericse Price |  |  | Weighted Average Remaining Contractual Life (in years) |  |  | Aggregated Intrinsic Value |
Outstanding June 30, 2014 |  |  | 757,462 |  |  | $ | 6.65 |  |  |  | 2.2 |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |  |  |
Expired / Cancelled |  |  | - |  |  |  | - |  |  |  |  |  |  |  |
Outstanding September 30, 2014 |  |  | 757,462 |  |  | $ | 6.65 |  |  |  | 1.95 |  |  | $ | - |
Exercisable, September 30, 2014 |  |  | 382,462 |  |  | $ | 9.36 |  |  |  | 2.17 |  |  | $ | - |
WARRANTS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding and exercisable, June 30, 2014 |  |  | 163,124 |  |  | $ | 7.29 |  |  |  | 2.2 |  |  |  |  |
Granted / adjusted |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Expired |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Outstanding and exercisable, September 30, 2014 |  |  | 163,124 |  |  | $ | 7.29 |  |  |  | 1.96 |  |  | $ | - |
The following table summarizes information about stock options and warrants outstanding and exercisable at September 30, 2014.
Exercise Price |  |  | Number Outstanding |  |  | Weighted Average Remaining Contractual Life |  |  | Weighted Ave Exericse Price |  |  | Number Exercisable |  |  | Weighted Average Remaining Contractual Life |  |  | Weighted Ave Exericse Price |
OPTIONS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$0.10 | - | $9.90 |  |  |  | 683,462 |  |  |  | 1.99 |  |  | $ | 4.77 |  |  |  | 308,462 |  |  |  | 2.32 |  |  | $ | 5.86 |
$10.00 | - | $19.90 |  |  |  | 14,000 |  |  |  | 1.37 |  |  | $ | 18.18 |  |  |  | 14,000 |  |  |  | 1.37 |  |  | $ | 18.18 |
$20.00 | - | $29.90 |  |  |  | 60,000 |  |  |  | 1.58 |  |  | $ | 25.33 |  |  |  | 60,000 |  |  |  | 1.58 |  |  | $ | 25.33 |
Totals |  |  |  |  |  | 757,462 |  |  |  | 1.95 |  |  | $ | 6.65 |  |  |  | 382,462 |  |  |  | 2.17 |  |  | $ | 9.36 |
WARRANTS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$5.00 | - | $7.50 |  |  |  | 163,124 |  |  |  | 1.96 |  |  | $ | 7.29 |  |  |  | 163,124 |  |  |  | 1.96 |  |  | $ | 7.29 |
Totals |  |  |  |  |  | 163,124 |  |  |  | 1.96 |  |  | $ | 7.29 |  |  |  | 163,124 |  |  |  | 1.96 |  |  | $ | 7.29 |
The Company recorded compensation expense of $155,622 for the three month period ended September 30, 2014, related to vested options. The compensation expense related to the unvested options as of September 30, 2014 was $466,867 which will be recognized during the fiscal year of 2015. The following table summarizes stock grants awarded as compensation:
|  | # of shares |  |  | Weighted Average Grant Date Fair Value ($) |
Unvested, June 30, 2013 |  |  | - |  |  |  | - |
Granted |  |  | 337,899 |  |  | $ | 5.78 |
Vested |  |  | (105,899 | ) |  | $ | 10.00 |
Unvested, June 30, 2014 |  |  | 232,000 |  |  | $ | 3.88 |
Granted |  |  | 92,500 |  |  | $ | 2.90 |
Vested |  |  | (82,625 | ) |  | $ | 3.61 |
Unvested, September 30, 2014 |  |  | 241,875 |  |  | $ | 3.60 |
For the periods ended September 30, 2014 and 2013, the Company recorded compensation expense of $297,923 and $232,012 respectively. The compensation expense related to the unvested stock grants as of September 30, 2014 was $870,848 which will be recognized during the fiscal year of 2015.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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