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Stockholders' Deficiency (Tables)

3 Months Ended

Sep. 30, 2012

Equity [Abstract]

Schedule of Options Outstanding

		Shares				Weighted Average Exercise Price				Weighted- Average Remaining Contractual Term				Aggregate Intrinsic Value
Options outstanding at January 1, 2012			2,165,925			$	2.89				6.25				-
Granted			90,000			$	6.99				--				-
Expired			--				--				--				-
Canceled			(116,668	)		$	3.97				--				-
Exercised			(113,782	)		$	0.98				--				-
Options outstanding at September 30, 2012			2,025,475			$	3.12				5.72			$	4,741,830
Options exercisable at September 30, 2012			931,321			$	2.43				5.37			$	2,759,134

Options Details

Range of Exercise				Number Outstanding				Weighted Average Remaining Years of Contractual Life				Weighted Average Exercise Price				Number Exercisable				Weighted Average Exercise Price

$	0.80 – 2.00				253,475				4.54			$	0.92				244,684			$	0.93
$	2.00 – 6.99				1,772,000				5.88			$	3.43				686,637			$	2.96
$	0.80 – $6.99				2,025,475				5.72			$	3.12				931,321			$	2.43

Schedule of Warrant Activity

		Shares				Weighted Average Exercise Price				Weighted- Average Remaining Contractual Term				Aggregate Intrinsic Value
Warrants outstanding at January 1, 2012			2,916,590			$	2.67				4.00				-
Granted			--				--				--				-
Expired			--				--				--				-
Canceled			--				--				--				-
Exercised			(2,353,744	)		$	2.61				--				-
Warrants outstanding at September 30, 2012			562,846			$	2.91				3.92			$	1,397,202
Warrants exercisable at September 30, 2012			312,846			$	2.91				3.92			$	774,702

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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