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26. STOCK OPTIONS (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2015 | Jun. 30, 2014
Fair value weighted average assumptions |
|  | For the Year Ended June 30, |
|  | 2015 |  |  | 2014 |
Expected volatility |  | 71.44% to 104.94% |  |  | 70.01% to 104.94% |
Risk-free interest rate |  | 0.30% to 0.78% |  |  | 0.30% to 0.78% |
Expected life (years) |  | 2.50 |  |  | 2.50 to 3.25 |
2007 Employee Plan [Member] |  |
Option activities |
|  | Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding at July 1, 2014 |  |  | 130,000 |  |  | $ | 3.93 |  |  |  | 2.57 |  |  | $ | 13 |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forfeited or expired |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding at June 30, 2015 |  |  | 130,000 |  |  | $ | 3.93 |  |  |  | 1.57 |  |  | $ | - |
Exercisable at June 30, 2015 |  |  | 112,500 |  |  | $ | 4.06 |  |  |  | 1.28 |  |  | $ | - |
|  | Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding at July 1, 2013 |  |  | 263,500 |  |  | $ | 3.06 |  |  |  | 1.57 |  |  | $ | - |
Granted |  |  | 50,000 |  |  |  | 3.26 |  |  |  | - |  |  |  | - |
Exercised |  |  | (126,500 | ) |  |  | (1.89 | ) |  |  | - |  |  |  | - |
Forfeited or expired |  |  | (57,000 | ) |  |  | (3.81 | ) |  |  | - |  |  |  | - |
Outstanding at June 30, 2014 |  |  | 130,000 |  |  | $ | 3.93 |  |  |  | 2.57 |  |  | $ | 13 |
Exercisable at June 30, 2014 |  |  | 103,750 |  |  | $ | 4.14 |  |  |  | 2.10 |  |  | $ | 3 |
Company's non-vested employee stock options |
|  |  |  |  | Weighted Average Grant-Date |
|  | Options |  |  | Fair Value |
Non-vested at July 1, 2014 |  |  | 26,250 |  |  | $ | 1.69 |
Granted |  |  | - |  |  |  | - |
Vested |  |  | 8,750 |  |  |  | - |
Forfeited |  |  | - |  |  |  | - |
Non-vested at June 30, 2015 |  |  | 17,500 |  |  | $ | 1.69 |
|  |  |  |  | Weighted Average Grant-Date |
|  | Options |  |  | Fair Value |
Non-vested at July 1, 2013 |  |  | 20,375 |  |  | $ | 3.26 |
Granted |  |  | 50,000 |  |  |  | 1.65 |
Vested |  |  | (44,125 | ) |  |  | (2.33 | )
Forfeited |  |  | - |  |  |  | - |
Non-vested at June 30, 2014 |  |  | 26,250 |  |  | $ | 1.69 |
2007 Directors Equity Incentive Plan [Member] |  |
Option activities |
|  | Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding at July 1, 2014 |  |  | 315,000 |  |  | $ | 3.62 |  |  |  | 2.63 |  |  | $ | 24 |
Granted |  |  | 50,000 |  |  |  | 3.81 |  |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forfeited or expired |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding at June 30, 2015 |  |  | 365,000 |  |  | $ | 3.65 |  |  |  | 1.99 |  |  | $ | 53 |
Exercisable at June 30, 2015 |  |  | 365,000 |  |  | $ | 3.65 |  |  |  | 1.99 |  |  | $ | 53 |
|  | Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding at July 1, 2013 |  |  | 350,000 |  |  | $ | 3.53 |  |  |  | 1.96 |  |  | $ | 80 |
Granted |  |  | 100,000 |  |  |  | 3.41 |  |  |  | 4.31 |  |  |  | - |
Exercised |  |  | (65,000 | ) |  |  | 1.72 |  |  |  | - |  |  |  | 98 |
Forfeited or expired |  |  | (70,000 | ) |  |  | (4.81 | ) |  |  | - |  |  |  | - |
Outstanding at June 30, 2014 |  |  | 315,000 |  |  | $ | 3.62 |  |  |  | 2.63 |  |  | $ | 24 |
Exercisable at June 30, 2014 |  |  | 315,000 |  |  | $ | 3.62 |  |  |  | 2.63 |  |  | $ | 24 |

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