Stock Options (Tables)

9 Months Ended

Mar. 31, 2014

Employee Stock Option Plan 2002 [Member]

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2002 Employee plan for the nine months ended March 31,:

	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	$	244,000				$	578,000
Total intrinsic value of options exercisable	$	244,000				$	578,000

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
$4.01 - $ 7.50		228,250	2.1		5.75
$7.51 - $11.16		37,500	2.0		11.16
		265,750	2.1	$	6.51

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 nine months ended March 31,

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

The fair value of each option granted during fiscal 2014 was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

Risk-free interest rates                                   2.7%

Expected lives                                          10 years

Expected volatility                                          57%

Expected dividend yields                                  0%

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Employee Plan for the nine months ended March 31, 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	$	85,000
Total intrinsic value of options exercisable	$	17,000

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 March 31, 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
$4.00 - $ 7.00		78,500	9.6	$	5.73		15,700	$	5.73
		78,500	9.6	$	5.73		15,700	$	5.73

NonEmployee 2012 Stock Option Plan [Member]

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 of each option granted during fiscal 2014 was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

Risk-free interest rates                                   2.7%

Expected lives                                          10 years

Expected volatility                                          57%

Expected dividend yields                                  0%

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Non-Employee Plan for the nine months ended March 31, 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	$	48,000
Total intrinsic value of options exercisable	$	10,000

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 March 31, 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
$4.00 - $ 5.00		25,000	9.4	$	4.88		5,000	$	4.88
		25,000	9.4	$	4.88		5,000	$	4.88