Stock Options (Tables)

12 Months Ended

Jun. 30, 2014

Schedule of Weighted Average Assumptions of Black-Scholes Option Pricing Model to Estimate Fair Value of Options Granted Under the 2012 Employee Plan

The fair value for options granted during the fiscal year ended June 30, 2014 was determined at the date of grant using a Black-Scholes valuation model and the straight-line attribution approach using the following weighted average assumptions:

Risk-free interest rate	2.7	%
Dividend yield	0	%
Volatility factor	57	%
Weighted average expected life	10 years

Employee Stock Option Plan 2002 [Member]

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes information about stock options outstanding under the 2002 Employee Plan at December 31, 2013:

	Options outstanding and exercisable
Range of exercise prices	Number outstanding		Weighted average remaining contractual life		Weighted average exercise price
$5.22 - $ 6.62		228,250		1.8		5.75
$11.16		37,500		1.7		11.16
		265,750		1.8	$	6.51

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2002 Employee plan for the year ended June 30,:

	2014				2013
	Options		Weighted average exercise price		Options		Weighted average exercise price
Outstanding, beginning of year		651,140	$	4.18		1,380,140	$	2.95
Granted		—		—		—		—
Terminated/Lapsed		(47,790)		1.74		—		—
Exercised		(337,600)		2.70		(729,000)		1.85
Outstanding, end of period		265,750	$	6.07		651,140	$	4.18
Exercisable, end of period		265,750	$	6.07		651,140	$	4.18
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised	$	1,399,000			$	1,301,000
Total intrinsic value of options outstanding	$	13,000			$	854,000
Total intrinsic value of options exercisable	$	13,000			$	854,000

Non Employee Stock Option [Member]

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2000 Non-employee Plan for the year ended June 30,

	2014				2013
	Options		Weighted average exercise price		Options		Weighted average exercise price
Outstanding, beginning of period		30,000	$	5.03		30,000	$	5.03
Granted		—		—		—		—
Terminated/Lapsed		(30,000)		5.03		—		—
Exercised		—		—		—		—
Outstanding, end of period		—	$	—		30,000	$	5.03
Exercisable, end of period		—	$	—		30,000	$	5.03
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	0			$	0
Total intrinsic value of options exercisable	$	0			$	0

Employee 2012 Stock Option Plan [Member]

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes information about stock options outstanding under the 2012 Employee Plan at June 30, 2014:

		Options outstanding						Options exercisable
Range of exercise prices		Number outstanding		Weighted average remaining contractual life		Weighted average exercise price		Number exercisable		Weighted average exercise price
$	4.88 - $ 6.31		78,500		9.3	$	5.73		15,700	$	5.73
			78,500		9.3	$	5.73		15,700	$	5.73

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Plan for the year ended June 30, 2014:

	Options		Weighted average exercise price
Outstanding, beginning of year		—	$	—
Granted		78,500		5.73
Terminated		—		—
Exercised		—		—
Outstanding, end of period		78,500	$	5.73
Exercisable, end of period		15,700	$	5.73
Weighted average fair value at grant date of options granted	$	3.84
Total intrinsic value of options exercised		n/a
Total intrinsic value of options outstanding	$	14,000
Total intrinsic value of options exercisable	$	3,000

Non Employee 2012 Stock Option Plan [Member]

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes information about stock options outstanding under the 2012 Non-Employee Plan at June 30, 2014:

		Options outstanding						Options exercisable
Range of exercise prices		Number outstanding		Weighted average remaining contractual life		Weighted average exercise price		Number exercisable		Weighted average exercise price
$	4.88		25,000		9.2	$	4.88		5,000	$	4.88
			25,000		9.2	$	4.88		5,000	$	4.88

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Non-Employee Plan for the year ended June 30, 2014:

	Options		Weighted average exercise price
Outstanding, beginning of year		—	$	—
Granted		25,000		4.88
Terminated		—		—
Exercised		—		—
Outstanding, end of period		25,000	$	4.88
Exercisable, end of period		5,000	$	4.88
Weighted average fair value at grant date of options granted	$	3.30
Total intrinsic value of options exercised		n/a
Total intrinsic value of options outstanding	$	14,000
Total intrinsic value of options exercisable	$	3,000