4. STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2013

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

Assumptions for fair value of options granted

	Year Ended
	June 30, 2013
Assumptions:
Option life		5.0 years
Risk-free interest rate		1.25%
Stock volatility		479%
Dividend yield		0
Weighted average fair value of grants	$	0.85

Stock option activity

	Options Outstanding
	Number of Shares			Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding at July 1, 2011		94,138		$	15.97		4.50 years
Grants		506,600			0.27-1.20
Cancellations		(208,151	)		0.55-13.75
Outstanding at June 30, 2012		392,587		$	4.56		8.15 years
Grants		9,000
Cancellations		(1,500)			0.55
Outstanding at June 30, 2013		400,087		$	4.49		7.21 years

Stock options outstanding

Range of Exercise Prices		Number of Shares		Weighted-Average Remaining Contractual Life (years)		Weighted-Average Exercise Price		Exercisable Number of Shares		Exercisable Weighted-Average Exercise Price
$	1.20		207,800		8.68	$	1.20		102,800	$	1.20
$	0.85		9,000		9.52		0.85		9,000		0.85
$	0.55		49,500		8.62		0.55		34,667		0.55
$	0.27		40,000		8.04		0.27		26,667		0.27
$	1.35		1,200		6.41		1.35		1,200		1.35
$	1.25		1,200		5.41		1.25		1,200		1.25
$	6.25		1,600		3.42		6.25		1,600		6.25
$	7.75		1,200		4.41		7.75		1,200		7.75
$	11.50		800		2.42		11.50		800		11.50
$	13.75		50,427		2.86		13.75		50,427		13.75
$	20.75		37,360		1.96		20.75		37,360		20.75
$	0.27–$20.75		400,087		7.20	$	4.49		266,921	$	6.21