STOCK OPTIONS

9 Months Ended

Mar. 31, 2013

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

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

NOTE 14 - STOCK OPTIONS

There were no issuances of stock options during the three months ended March 31, 2013 and 2012.

Options outstanding as of March 31, 2013 and related weighted average price and intrinsic value are as follows:

			Weighted
			Average
	Number		Exercise		Aggregate
	of Shares		Price		Intrinsic Value
Outstanding, June 30, 2012		115,099	$	14.66	$	-
Granted		-
Forfeited/Cancelled		-
Exercised		-
Outstanding, March 31, 2013		115,099	$	14.66	$	-