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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2013
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The income tax provision in 2013 and 2012 consisted of the following:
Year Ended June 30, |  | 2013 |  | 2012
Current: |  |  |  |  |  |
Federal |  | $ | 1,697,085 |  |  | $ | 953,682 |
State |  | (156,039 | ) |  | (194,875 | )
Deferred |  | 729,720 |  |  | 341,284 |
Total income tax provision |  | $ | 2,270,766 |  |  | $ | 1,100,091 |
Schedule of Effective Income Tax Rate Reconciliation | The 2013 and 2012 tax results in an effective rate different than the federal statutory rate because of the following:
Year Ended June 30, |  | 2013 |  | 2012
Federal income tax expense at statutory rate |  | $ | 2,617,484 |  |  | $ | 1,373,772 |
State income tax expense, net of federal income tax benefit |  | 147,516 |  |  | 80,810 |
Increase (decrease) in valuation allowance |  | 21,890 |  |  | (471,254 | )
Research and development credits |  | — |  |  | (34,835 | )
Stock-based compensation |  | 49,561 |  |  | 32,442 |
Adjustments for unrecognized tax benefits |  | (449,938 | ) |  | — |
Other |  | (115,747 | ) |  | 119,156 |
Total income tax provision |  | $ | 2,270,766 |  |  | $ | 1,100,091 |
Schedule of Deferred Tax Assets and Liabilities | Temporary differences which give rise to deferred income tax assets and liabilities at June 30 include:
|  | 2013 |  | 2012
Deferred income tax assets: |  |  |  |  |  |
Deferred compensation |  | $ | 886,750 |  |  | $ | 812,639 |
Stock-based compensation |  | 524,387 |  |  | 362,585 |
Accrued expenses and reserves |  | 1,177,771 |  |  | 1,249,817 |
Package design and trademarks |  | — |  |  | 46,997 |
Unauthorized transactions |  | — |  |  | 458,284 |
Federal and state net operating loss carryforwards |  | 267,944 |  |  | 1,500,198 |
AMT and research and development credit carryforwards |  | — |  |  | 153,045 |
Valuation allowance |  | (222,409 | ) |  | (200,486 | )
Total deferred income tax asset |  | 2,634,443 |  |  | 4,383,079 |
Deferred income tax liabilities: |  |  |  |  |  |
Equipment and leasehold improvements |  | (22,025 | ) |  | (466,250 | )
Capitalized research and development costs |  | (1,015,838 | ) |  | (1,592,415 | )
Other |  | (5,597 | ) |  | (3,711 | )
Net deferred income tax asset |  | $ | 1,590,983 |  |  | $ | 2,320,703 |
Deferred Tax Assets as Presented on Consolidated Balance Sheets | Deferred income tax assets as presented on the consolidated balance sheets:
|  | 2013 |  | 2012
Current deferred income tax assets |  | $ | 1,171,453 |  |  | $ | 963,303 |
Noncurrent deferred income tax assets |  | 419,530 |  |  | 1,357,400 |
Net deferred income tax assets |  | $ | 1,590,983 |  |  | $ | 2,320,703 |
Accrued Interest, Tax Position, Unauthorized Transactions | As part of the unauthorized transactions, the Company has accrued interest of $49,150 and $150,624 as of June 30, 2013 and 2012, respectively.
|  | 2013 |  | 2012
Accrued interest at beginning of year |  | $ | 150,624 |  |  | $ | 498,806 |
Interest charges to expense |  | 44,014 |  |  | 44,015 |
Interest charges paid |  | — |  |  | (140,712 | )
Interest charges reversed |  | (145,488 | ) |  | (251,485 | )
Accrued interest at end of year |  | $ | 49,150 |  |  | $ | 150,624 |
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:
|  | 2013 |  | 2012
Unrecognized tax benefits at beginning of year |  | $ | 1,146,051 |  |  | $ | 599,938 |
Gross increases - tax positions in prior years |  | — |  |  | 546,113 |
Reductions due to lapse in statute |  | (249,938 | ) |  | — |
Reductions based on settlements with taxing authorities |  | (200,000 | ) |  | — |
Unrecognized tax benefits at end of year |  | $ | 696,113 |  |  | $ | 1,146,051 |
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
2013 |  | $ | (200,486 | ) |  | (21,923 | ) |  | — |  |  | $ | (222,409 | )
2012 |  | $ | (671,740 | ) |  | — |  |  | 471,254 |  |  | $ | (200,486 | )

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