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3. STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock options outstanding

		Options Outstanding
		Number of Shares				Weighted Average Exercise Price				Weighted Average Contractual Life
Outstanding at July 1, 2014			409,087			$	4.41				6.27 years
Grants			65,000				0.90
Outstanding at March 31, 2015			474,087			$	3.93				6.04 years

Option information

Range of Exercise Prices				Number of Shares				Weighted-Average Remaining Contractual Life (years)				Weighted-Average Exercise Price				Exercisable Number of Shares				Exercisable Weighted-Average Exercise Price
$	1.20				207,800				6.93			$	1.20				207,800			$	1.20
$	0.90				65,000				9.28				0.90				47,500				0.90
$	0.90				9,000				8.76				0.90				9,000				0.90
$	0.85				9,000				7.76				0.85				9,000				0.85
$	0.55				49,500				6.87				0.55				49,500				0.55
$	0.27				40,000				6.29				0.27				40,000				0.27
$	1.35				1,200				4.65				1.35				1,200				1.35
$	1.25				1,200				3.66				1.25				1,200				1.25
$	6.25				1,600				1.67				6.25				1,600				6.25
$	7.75				1,200				2.66				7.75				1,200				7.75
$	11.50				800				0.67				11.50				800				11.50
$	13.75				50,427				1.11				13.75				50,427				13.75
$	20.75				37,360				0.21				20.75				37,360				20.75
$	0.27–$20.75				474,087				6.04			$	3.93				456,587			$	4.04

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- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: 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

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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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