10. LONG-TERM INCENTIVE PLAN AWARDS (Tables)

12 Months Ended

Jun. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock Options Valuation Assumptions

		Year ended June 30,
		2012		2011
Weighted average estimated per share fair value of grant	$	1.33	$	1.27
Risk-free interest rate		.06% - .37%		-
Expected life		2.75-6.50 years		-
Expected volatility		148% - 223%		-
Dividend yield		0%		-

Schedule of Stock Option Activity

					Weighted-
					Average
			Weighted-		Remaining
			Average		Contractual		Aggregate
			Exercise		Life		Intrinsic
Options	Shares		Price		(In Years)		Value
Outstanding as of June 30, 2011		930,836	$	1.40		7.2	$	978,470
Granted		970,000		1.34		8.14		53,900
Exercised		(70,000)		(0.52)		-		(60,350)
Cancelled		(485,000)		(2.07)
Forfeited or Expired		(17,666)		(1.35)		-		-
Outstanding as of June 30, 2012		1,328,170	$	1.16		7.09	$	305,395
Exercisable as of June 30, 2012		354,166	$	0.68		3.91	$	278,375