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9. LONG-TERM INCENTIVE PLAN AWARDS (Tables)

9 Months Ended

Mar. 31, 2013

Notes to Financial Statements

Schedule of Stock Option Activity

A summary of the status of our stock options is presented below: 

										Weighted-
										Average
						Weighted-				Remaining
						Average				Contractual				Aggregate
						Exercise				Life				Intrinsic
Options		Shares				Price				(In Years)				Value
Outstanding as of June 30, 2012			1,328,170			$	1.16				7.09			$	305,395
Granted			–
Exercised			(30,000	)			0.75
Cancelled			–
Forfeited or Expired			(25,000	)			1.34
Outstanding as of March 31, 2013			1,273,170			$	1.17				6.05			$	415,938
Exercisable as of March 31, 2013			353,167			$	0.67				2.36			$	294,738

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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