STOCK COMPENSATION PLAN (Tables)

12 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Options and warrants activity

A schedule of the options and warrants activity for the years ended June 30, 2012 and 2011 is as follows:

	Number of Options		Number of Warrants		Price per share
Outstanding at June 30, 2010		14,880		843,622	$	1.50-4.00
Granted		-		337,167(1)		4.25
Exercised		-		(269,206)		3.65-4.00
Cancelled		-		(337,167)(1)		4.00
Expired		-		-		-
Outstanding at June 30, 2011		14,880		574,416	$	1.50-4.25
Granted		-		-		-
Exercised		(800)		(148,953)		2.50-4.25
Cancelled		-		-		-
Expired		(1,200)		(375,463)		2.50-4.25
Outstanding at June 30, 2012		12,880		50,000	$	1.50-1.80