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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2012
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The income tax provision (benefit) in 2012 and 2011 consisted of the following:
Year Ended June 30, |  | 2012 |  | 2011
Current: |  |  |  |  |  |
Federal |  | $ | 953,682 |  |  | $ | 867,051 |
State |  | (194,875 | ) |  | (193,058 | )
Deferred |  | 341,284 |  |  | 1,269,627 |
Total income tax provision |  | $ | 1,100,091 |  |  | $ | 1,943,620 |
Schedule of Effective Income Tax Rate Reconciliation | The 2012 and 2011 tax results in an effective rate different than the federal statutory rate because of the following:
Year Ended June 30, |  | 2012 |  | 2011
Federal income tax expense (benefit) at statutory rate |  | $ | 1,373,772 |  |  | $ | 2,147,763 |
State income tax expense, net of federal income tax benefit |  | 80,810 |  |  | 244,860 |
Decrease in valuation allowance |  | (471,254 | ) |  | (1,018,838 | )
Research and development credits |  | (34,835 | ) |  | (13,585 | )
Stock-based compensation |  | 32,442 |  |  | 353,099 |
Unrecognized tax benefits |  | — |  |  | 50,000 |
Other |  | 119,156 |  |  | 180,321 |
Total income tax provision |  | $ | 1,100,091 |  |  | $ | 1,943,620 |
Schedule of Deferred Tax Assets and Liabilities | Temporary differences which give rise to deferred income tax assets and liabilities at June 30 include:
|  | 2012 |  | 2011
Deferred Income Tax Assets: |  |  |  |  |  |
Deferred compensation |  | $ | 812,639 |  |  | $ | 731,978 |
Stock-based compensation |  | 362,585 |  |  | 364,071 |
Accrued expenses and reserves |  | 1,249,817 |  |  | 1,318,002 |
Package design and trademarks |  | 46,997 |  |  | 62,790 |
Unauthorized transactions |  | 458,284 |  |  | 1,480,000 |
Federal and state net operating loss carryforwards |  | 1,500,198 |  |  | 590,473 |
AMT and research and development credit carryforwards |  | 153,045 |  |  | 72,901 |
Valuation allowance |  | (200,486 | ) |  | (671,740 | )
Total deferred income tax asset |  | 4,383,079 |  |  | 3,948,475 |
Deferred Income Tax Liabilities: |  |  |  |  |  |
Equipment and leasehold improvements |  | (466,250 | ) |  | (311,962 | )
Capitalized research and development costs |  | (1,592,415 | ) |  | (972,465 | )
Other |  | (3,711 | ) |  | (2,061 | )
Net deferred income tax asset |  | $ | 2,320,703 |  |  | $ | 2,661,987 |
Deferred Tax Assets as Presented on Consolidated Balance Sheets | Deferred income tax assets as presented on the consolidated balance sheets:
|  | 2012 |  | 2011
Current deferred income tax assets |  | $ | 963,303 |  |  | $ | 1,028,796 |
Noncurrent deferred income tax assets |  | 1,357,400 |  |  | 1,633,191 |
Net deferred income tax assets |  | $ | 2,320,703 |  |  | $ | 2,661,987 |
Accrued Interest, Tax Position, Unauthorized Transactions | As part of the unauthorized transactions, the Company has accrued interest of $150,624 and $498,806 at June 30, 2012 and 2011, respectively.
|  | 2012 |  | 2011
Accrued interest at beginning of year |  | $ | 498,806 |  |  | $ | 660,989 |
Interest charges to expense |  | 44,015 |  |  | 325,370 |
Interest charges paid |  | (140,712 | ) |  | — |
Interest charges reversed |  | (251,485 | ) |  | (487,553 | )
Accrued interest at end of year |  | $ | 150,624 |  |  | $ | 498,806 |
Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
|  | 2012 |  | 2011
Unrecognized tax benefits at beginning of year |  | $ | 599,938 |  |  | $ | 300,000 |
Gross increases — tax positions in prior years |  | 546,113 |  |  | 299,938 |
Unrecognized tax benefits at end of year |  | $ | 1,146,051 |  |  | $ | 599,938 |
Summary of Valuation Allowance | The following are the changes in the valuation allowance:
Year Ended June 30, |  | Balance, Beginning of Year |  | Increase in Valuation Allowance |  | Release of Valuation Allowance |  | Balance, End of Year
2012 |  | $ | (671,740 | ) |  | — |  |  | 471,254 |  |  | $ | (200,486 | )
2011 |  | $ | (1,690,578 | ) |  | — |  |  | 1,018,838 |  |  | $ | (671,740 | )

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