Stock Based Compensation (Tables)

12 Months Ended

Jun. 30, 2015

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

Components of Common Stock Purchase Options and Warrants

A summary of option and warrant activity for the years ended June 30, 2015 and 2014 is presented below:

	# of shares			Weighted Ave Exercise Price		Weighted Average Remaining Contractual Life (in years)		Aggregated Intrinsic Value
OPTIONS:
Outstanding and exercisable, June 30, 2013		311,462		$	15.65		3.3	$	523,125
Granted		612,793		$	4.32
Exercised		(112,793	)	$	6.29
Expired / Cancelled		(54,000	)	$	32.92
Outstanding June 30, 2014		757,462		$	6.65		2.2	$	-
Granted		-			-
Exercised		(49,329	)	$	3.88
Expired / Cancelled		-			-
Outstanding and exercisable, June 30, 2015		708,133		$	6.84		1.22	$	572,352
WARRANTS:
Outstanding and exercisable, June 30, 2013		163,124		$	7.29		3.19	$	451,519
Granted / adjusted		-			-
Exercised		-			-
Expired		-			-
Outstanding and exercisable, June 30, 2014		163,124		$	7.29		2.2	$	-
Granted / adjusted		-			-
Exercised		-			-
Expired		-			-
Outstanding and exercisable, June 30, 2015		163,124		$	7.29		1.22	$	-

Schedule of Stock Options and Warrants Outstanding and Exercisable Activity

The following table summarizes information about stock options and warrants outstanding and exercisable at June 30, 2015:

Exercise Price	Number Outstanding and Exercisable		Weighted Average Remaining Contractual Life		Weighted Ave Exercise Price
OPTIONS:
$0.10 - $9.90		634,133		1.27	$	4.84
$10.00 - $19.90		14,000		0.63	$	18.18
$20.00 - $29.90		60,000		0.84	$	25.33
Totals		708,133		1.22	$	6.84
WARRANTS:
$5.00 - $7.50		163,124		1.22	$	7.29
Totals		163,124		1.22	$	7.29

Schedule of Fair Value of Options Granted Assumptions

The assumptions used in calculating the fair value of options granted using the Black-Scholes option-pricing model for options granted during the years ended June 30, 2015 and 2014 are as follows:

	June 30, 2015	June 30, 2014
Risk-free interest rate	-	0.05% - 0.47%
Expected life	-	1 month - 10 years
Expected volatility	-	17.5% - 57.88%
Expected dividend	-	0%

Summary of Unvested Stock Grants Awarded as Compensation

The following table summarizes stock grants awarded as compensation:

	# of shares			Weighted Average Grant Date Fair Value ($)
Unvested, June 30, 2013		-			-
Granted		337,899		$	5.78
Vested		(105,899	)	$	10.00
Unvested, June 30, 2014		232,000		$	3.88
Granted		113,275		$	3.26
Vested		(338,608	)	$	3.60
Unvested, June 30, 2015		6,667		$	6.00