Stockholders' Equity

6 Months Ended

Dec. 31, 2012

Stockholders' Equity

Note 3 — Stockholders’ Equity

During the three and six months ended December 31, 2012 the Company issued 542,645 and 3,120,571 shares of common stock, respectively as a result of the exercise of warrants and options and 464,366 and 560,866 shares of restricted stock, respectively.

On December 14, 2012 the Company announced a share repurchase program. As of December 31, 2012 the Company has repurchased 116,000 shares under this program.

The Company’s Articles of Incorporation authorize the issuance of preferred shares. However, as of December 31, 2012, none have been issued nor have any rights or preferences been assigned to the preferred shares by the Company’s Board of Directors.