Incentive and Non-Statutory Stock Option Plan (Tables)

9 Months Ended

Mar. 31, 2016

Incentive And Non-statutory Stock Option Plan

Schedule of Common Stock Purchase Options and Warrants

Common stock purchase options and warrants consisted of the following:

OPTIONS:

	# of shares			Weighted Ave Exericse Price		Weighted Average Remaining Contractual Life (in years)		Aggregated Intrinsic Value
Outstanding and exercisable, June 30, 2015		708,133		$	6.84		1.22	$	572,352
Granted		152,024		$	4.50
Exercised		(122,024	)	$	4.40
Expired / Cancelled		(11,000	)	$	23.41
Outstanding and exercisable, March 31, 2016		727,133		$	6.51		0.49	$	961,544
WARRANTS:
Outstanding and exercisable, June 30, 2015		163,124		$	7.29		1.22	$	-
Granted / adjusted		-			-
Exercised		-			-
Expired		-			-
Outstanding and exercisable, March 31, 2016		163,124		$	7.29		0.48	$	11,084

Summary of Stock Options and Warrants Outstanding and Exercisable

The following table summarizes information about stock options and warrants outstanding and exercisable at March 31, 2016.

Exercise Price	Number Outstanding and Exercisable		Weighted Average Remaining Contractual Life		Weighted Ave Exericse Price
OPTIONS:
$0.10 - $9.90		664,133		0.51	$	4.85
$10.00 - $19.90		8,000		0.33	$	17.69
$20.00 - $29.90		55,000		0.17	$	25.00
Totals		727,133		0.49	$	6.51
WARRANTS:
$5.00 - $7.50		163,124		0.48	$	7.29
Totals		163,124		0.48	$	7.29

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, 2014		232,000		$	3.88
Granted		113,275		$	3.26
Vested		(338,608	)	$	3.60
Unvested, June 30, 2015		6,667		$	6.00
Granted		859,000		$	5.90
Vested		(141,167	)	$	5.36
Unvested, March 31, 2016		724,500		$	6.00