STOCKHOLDERS' EQUITY

9 Months Ended

Mar. 31, 2012

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

The following table summarizes the changes in stockholders’ equity for the nine month periods ended:

	March 31, 2012			March 31, 2011
Net income	$	2,008,524		$	2,585,934
Dividends declared	(1,328,887		)	(1,328,887		)
Stock-based compensation expense	362,571			332,249
Increase in Stockholders’ Equity	$	1,042,208		$	1,589,296