STOCK OPTIONS

9 Months Ended

Mar. 31, 2012

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 14 – STOCK OPTIONS

Options outstanding as of March 31, 2012 and related weighted average price and intrinsic value are as follows:

			Weighted
			Average
	Number		Exercise		Aggregate
	of Shares		Price		Intrinsic Value
Outstanding, June 30, 2011		115,099	$	14.66	$	-
Granted		-
Forfeited/Canceled		-
Exercised		-
Outstanding, March 31, 2012		115,099	$	14.66	$	-
Exercisable, March 31, 2012		115,099	$	14.66	$	-

The following table summarizes the options outstanding as of March 31, 2012:

Options outstanding
					Weighted
			Weighted		Average
	Number		Average		Remaining
Range of	Outstanding as of		Exercise		Contractual Life
Exercise Price	March 31, 2012		Price		(Years)
14.02-14.70		115,099	$	14.66		0.25

The following table summarizes the options exercisable as of March 31, 2012:

Options Exercisable
					Weighted
			Weighted		Average
	Number		Average		Remaining
Range of	Outstanding as of		Exercise		Contractual Life
Exercise Price	March 31, 2012		Price		(Years)
14.02-14.70		115,099	$	14.66		0.25