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Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2012

There was no warrant activity during the year ended June 30, 2010. A summary of warrant activity for the two years ended June 30, 2012 follows:

	2012				2011
	Number of Shares		Weighted- Average Exercise Price Per Share		Number of Shares		Weighted- Average Exercise Price Per Share
Balance at June 30		1,125,000	$	2.64		--		--
Warrants granted		--		--		1,125,000	$	2.64
Warrants canceled		--		--		--		--
Warrants exercised		--		--		--		--
Outstanding and exercisable at June 30		1,125,000	$	2.64		1,125,000	$	2.64

Option activity for stock option plans

We issue new shares of common stock upon exercise of stock options. The following is a summary of option activity for the Company's stock option plans:

	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life		Aggregate Intrinsic Value
Outstanding at June 30, 2011		1,464,807		$	3.75

Granted		125,750		$	1.97
Forfeited		(471,218	)	$	2.70
Expired		(140,130	)	$	10.10
Exercised		--
Outstanding at June 30, 2012		979,209		$	3.11		2.2		--
Vested and Expected to Vest at June 30, 2012		881,943		$	3.06		2.0		--
Exercisable at June 30, 2012		499,406		$	3.72		1.6		--

Stock options outstanding

The following table summarizes information about stock options outstanding at June 30, 2012:

Range of Exercise Prices		Number Outstanding		Weighted- Average Remaining Contractual Life		Weighted- Average Exercise Price		Number Exercisable		Weighted- Average Exercise Price
$	0.86-$1.13		7,000		4.4	$	1.05		--		--
$	1.88-$2.56		530,000		2.3	$	2.30		234,382	$	2.39
$	2.88-$3.82		381,875		2.1	$	3.00		204,690	$	3.03
$	5.36-$7.00		30,834		0.6	$	5.94		30,834	$	5.94
$	14.32-$20.04		29,500		1.1	$	16.66		29,500	$	16.66
			979,209						499,406

Non-vested stock options activity

Non-vested stock option activity for the year ended June 30, 2012 is as follows:

	Non-vested Stock Options			Weighted-Average Grant Date Fair Value
Outstanding at June 30, 2011		903,830		$	1.61
Granted		125,750		$	1.17
Vested		(277,625	)	$	1.59
Forfeited		(272,152	)	$	1.63
Outstanding at June 30, 2012		479,803		$	1.50

Restricted stock activity granted to employees

The following is a summary of restricted stock activity granted to employees during the years ended June 30, 2011 and 2012:

	2012					2011
	Number of Shares			Weighted- Average Grant Date Fair Value		Number of Shares		Weighted- Average Grant Date Fair Value
Balance at June 30		30,000		$	2.25		--		--
Granted		720,000		$	1.89		30,000	$	2.25
Vested		(10,000	)	$	2.25		--		--
Forfeited		(200,000	)	$	1.80		--		--
Outstanding at June 30		540,000		$	1.93		30,000	$	2.25

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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- Definition

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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