3. STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Dec. 31, 2014

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

Schedule of stock options outstanding

	Options Outstanding
	Number of Shares		Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding at July 1, 2014		409,087	$	4.49		6.27 years
Grants		65,000		0.90
Outstanding at December 31, 2014		474,087	$	3.93		6.29 years

Option information

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		7.17	$	1.20		207,800	$	1.20
$	0.90		65,000		9.53		0.90		41,667		0.90
$	0.90		9,000		9.01		0.90		9,000		0.90
$	0.85		9,000		8.01		0.85		9,000		0.85
$	0.55		49,500		7.12		0.55		49,500		0.55
$	0.27		40,000		6.54		0.27		40,000		0.27
$	1.35		1,200		4.90		1.35		1,200		1.35
$	1.25		1,200		3.91		1.25		1,200		1.25
$	6.25		1,600		2.91		6.25		1,600		6.25
$	7.75		1,200		2.91		7.75		1,200		7.75
$	11.50		800		0.91		11.50		800		11.50
$	13.75		50,427		1.36		13.75		50,427		13.75
$	20.75		37,360		0.46		20.75		37,360		20.75
$	0.27–$20.75		474,087		6.29	$	3.93		450,754	$	6.21