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Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans (Tables)
9 Months Ended
Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock option activity
The Company’s stock option activity for the nine months ended March 31, 2016 is as follows:
 
 
Shares
 
Weighted Average
Exercise Price
Outstanding at June 30, 2015
1,127,750

 
$
1.53

Granted
170,000

 
1.50

Exercised
(16,000
)
 
1.09

Canceled or expired
(324,000
)
 
2.56

Outstanding at March 31, 2016
957,750

 
$
1.18

Schedule of stock options by exercise price
The table below details the Company’s stock options outstanding as of March 31, 2016:

Range of exercise prices
 
Number
Outstanding
 
Options
Outstanding
Weighted-
Average
Remaining
Contractual
Life (years)
 
Weighted-
Average
Exercise
Price
 
Number
Exercisable
 
Options
Exercisable
Weighted-
Average
Exercise
Price
$0.32 – 0.71
 
432,750

 
4.40
 
$
0.60

 
432,705

 
$
0.60

$1.20 – 1.50
 
430,000

 
7.78
 
1.32

 
430,000

 
1.32

$3.20 – 3.20
 
95,000

 
9.02
 
3.20

 

 

$0.32 – 3.20
 
957,750

 
6.38
 
$
1.18

 
862,705

 
$
0.86