Share-based Compensation (Tables)

12 Months Ended

Jun. 30, 2012

Summary of Company's Stock Option Activity and Related Data

A summary of the Company’s stock option activity and related data follows:

	Outstanding Options
	Number of Shares		Weighted- Average Exercise Price
Balance at June 30, 2010		298,853	$	3.03
Granted		297,352		1.12
Forfeited/Expired		—		—
Balance at June 30, 2011		596,205		2.08
Granted		267,355		1.63
Forfeited/Expired		—		—
Balance at June 30, 2012		863,560	$	1.94

Fair Value of Stock Options Assumptions Used

The Company uses a binomial valuation model to estimate the grant date fair value of stock options. To calculate these fair values, the following assumptions were used:

	Year ended June 30,
	2012		2011
Risk-free interest rate		.62% - 1.32%		1.17% - 1.60%
Expected life		5 years		5 years
Expected volatility		145% - 152%		136% - 144%
Dividend yield		0%		0%
Weighted-average grant date fair value	$	1.43	$	0.98

Exercise Prices and Weighted-average Remaining Contractual Lives for Options Outstanding

Exercise prices and weighted-average remaining contractual lives for the options outstanding as of June 30, 2012 were:

Options Outstanding	Exercise Price	Weighted Average Remaining Contractual Life (Years)	Options Exercisable		Weighted Average Exercise Price of Options Exercisable
1,000	$0.61	4.9		—	$	—
82,232	$0.77	3.2		35,975	$	0.77
37,500	$1.15	3.3		14,842	$	1.15
177,620	$1.28	3.9		44,405	$	1.28
125,845	$1.34	4.3		—	$	—
73,463	$1.52	3.0		36,726	$	1.52
2,000	$1.53	4.2		—	$	—
110,195	$1.86	2.8		59,693	$	1.86
138,510	$1.90	4.1		—	$	—
110,195	$5.05	2.8		59,693	$	5.05
5,000	$6.30	1.6		5,000	$	6.30
863,560		3.5		256,334	$	2.35