9. LONG-TERM INCENTIVE PLAN AWARDS (Tables)

3 Months Ended

Sep. 30, 2013

Notes to Financial Statements

Schedule of Stock Option Activity

A summary of the status of our stock options is presented below:

						Weighted-
						Average
				Weighted-		Remaining
				Average		Contractual		Aggregate
				Exercise		Life		Intrinsic
Options	Shares			Price		(In Years)		Value
Outstanding as of June 30, 2013		1,153,170		$	1.16		5.49	$	627,422
Granted		–
Exercised		–
Cancelled		–
Forfeited or Expired		(60,000	)	$	1.34		8.71
Outstanding as of September 30, 2013		1,093,170		$	1.15		5.07	$	671,412
Exercisable as of September 30, 2013		816,499		$	1.07		4.20	$	560,308