STOCK OPTIONS

12 Months Ended

Jun. 30, 2015

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

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

NOTE 11– STOCK OPTIONS

There were no issuances of stock options during the years ended June 30, 2015, 2014 and 2013.

Options outstanding 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/Canceled		-
Exercised		-
Outstanding, June 30, 2013		115,099		14.66		-
Granted		-
Forfeited/Canceled		-
Exercised		-
Outstanding, June 30, 2014		115,099		14.66		-
Granted		-
Forfeited/Canceled/Expired		(115,099)
Exercised		-
Outstanding, June 30, 2015		-		-		-