26. STOCK OPTIONS (Tables)

12 Months Ended

Jun. 30, 2017

Fair value weighted average assumptions

	For the Year Ended June 30,
	2017		2016
Expected volatility		47.29% to 104.94%		60.41% to 104.94%
Risk-free interest rate		0.30% to 0.78%		0.30% to 0.78%
Expected life (years)		2.50		2.50

Company's non-vested employee stock options

A summary of the status of the Company’s non-vested employee stock options during the twelve months ended June 30, 2017 is presented below: 

				Weighted Average Grant-Date
	Options			Fair Value
Non-vested at July 1, 2016		38,750		$	3.22
Granted		37,500			4.14
Vested		(28,125	)		3.19
Forfeited		-			-
Non-vested at June 30, 2017		48,125		$	3.77

A summary of the status of the Company’s non-vested employee stock options during the twelve months ended June 30, 2016 is presented below:

				Weighted Average Grant-Date
	Options			Fair Value
Non-vested at July 1, 2015		17,500		$	1.69
Granted		40,000			-
Vested		(18,750	)		-
Forfeited		-			-
Non-vested at June 30, 2016		38,750		$	3.22

2007 Employee Plan [Member]

Option activities

A summary of option activities under the 2007 Employee Plan during the twelve-month period ended June 30, 2017 is presented as follows:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2016		90,000	$	3.26		3.42	$	30
Granted		37,500		4.14		-		-
Exercised		-		-		-		-
Forfeited or expired		-		-		-		-
Outstanding at June 30, 2017		127,500	$	3.52		3.10	$	187
Exercisable at June 30, 2017		79,375	$	3.36		2.36	$	129

A summary of option activities under the 2007 Employee Plan during the twelve-month period ended June 30, 2016 is presented as follows:

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2015		130,000		$	3.93		1.57	$	13
Granted		40,000			3.26		-		-
Exercised		-			-		-		-
Forfeited or expired		(80,000	)		4.35		-		-
Outstanding at June 30, 2016		90,000		$	3.26		3.42	$	30
Exercisable at June 30, 2016		51,250		$	3.28		2.82	$	16

2007 Directors Equity Incentive Plan [Member]

Option activities

A summary of option activities under the 2007 Directors Plan during the twelve months ended June 30, 2017 is presented as follows:

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2016		415,000			3.14		3.29		198
Granted		50,000			4.14		-		-
Exercised		-			-		-		-
Forfeited or expired		(50,000	)		2.30		-		-
Outstanding at June 30, 2017		415,000			3.36		2.93		673
Exercisable at June 30, 2017		415,000			3.36		2.93		673

A summary of option activities under the 2007 Directors Plan during the twelve months ended June 30, 2016 is presented as follows:

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2015		365,000		$	3.65		1.99	$	53
Granted		200,000			3.12		-		-
Exercised		-			-		-		-
Forfeited or expired		(150,000	)		4.35		-		-
Outstanding at June 30, 2016		415,000			3.14		3.29		198
Exercisable at June 30, 2016		415,000			3.14		3.29		198