3. STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2015

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

Assumptions for fair value of options granted

	Year Ended
	June 30, 2015
Assumptions:
Option life		5.3 years
Risk-free interest rate		2.65%
Stock volatility		487%
Dividend yield		0
Weighted average fair value of grants	$	0.73

Stock option activity

	Options Outstanding
	Number of Shares		Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding at July 1, 2013		400,087	$	4.49		6.27 years
Grants		9,000	$	0.90
Outstanding at June 30, 2014		409,087	$	4.41		6.27 years
Grants		714,000	$	0.75
Cancellations		(44,008)	$	18.04
Outstanding at June 30, 2015		1,079,079	$	1.43		8.46 years

Stock options outstanding by exercise price ranges

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
$	0.73	319,000	9.89	$	0.73	0	$	0.73
$	0.73	330,000	9.89	$	0.73	110,000	$	0.73
$	0.90	35,000	9.03	$	0.90	17,500	$	0.90
$	0.90	30,000	9.03	$	0.90	30,000	$	0.90
$	1.20	207,800	6.68	$	1.20	207,800	$	1.20
$	0.90	9,000	8.52	$	0.90	9,000	$	0.90
$	0.85	9,000	7.52	$	0.85	9,000	$	0.85
$	0.55	44,000	6.62	$	0.55	44,000	$	0.55
$	0.27	40,000	6.04	$	0.27	40,000	$	0.27
$	1.35	1,200	4.41	$	1.35	1,200	$	1.35
$	1.25	1,200	3.41	$	1.25	1,200	$	1.25
$	6.25	1,600	1.42	$	6.25	1,600	$	6.25
$	7.75	1,200	2.41	$	7.75	1,200	$	7.75
$	11.50	800	0.42	$	11.50	800	$	11.50
$	13.75	49,279	0.86	$	13.75	49,279	$	13.75
$	0.27–$20.75	1,079,079	8.46	$	1.43	522,579	$	2.17