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NASDAQ Listing Qualifications | 12 Months Ended
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Jun. 30, 2014
Nasdaq Listing Qualifications [Abstract] |
NASDAQ Listing Qualifications | (18) NASDAQ Listing Qualifications On November 13, 2012, we received written notification from NASDAQ indicating that the minimum bid price of our common stock had fallen below $1.00 for 30 consecutive trading days and that we were therefore not in compliance with NASDAQ Listing Rule 5550(a)(2). On May 14, 2013, we received a second compliance notice from NASDAQ regarding the Company's failure to maintain the minimum bid price for continued listing, for which the Company received an additional 180 day grace period , or until November 11, 2013, to regain compliance. NASDAQ's determination was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the NASDAQ Capital Market, with the exception of the bid price requirement. On October 30, 2013, we received written notification from NASDAQ that for the previous 10 business days, from October 16, 2013 to October 29, 2013, the closing bid price of the Company’s common stock had been at $1.00 per share or greater and the Company had regained compliance with NASDAQ Listing Rule 5550(a)(2).

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- Definition The entire disclosure of NASDAQ listing qualifications. + References No definition available. + Details
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