XML 19 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 8 - Stockholders' Equity: (Tables)
12 Months Ended
Jun. 30, 2013
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Weighted

average,

June 30, 2013

   

Range,

June 30, 2013

   

Weighted

average,

June 30, 2012

   

Range,

June 30, 2012

 

Volatility

    66 %    60% - 68%       83 %    61% - 88%  

Dividend yield

    -       -         -       -    

Risk-free interest rate

    0.32 %    0.31% - 0.34%       1.31 %    0.25% - 2.02%  

Expected term (years)

    3.05      2.66 - 3.25       4.02      2 - 4.5  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   

Options

   

Weighted-

Average

Exercise

Price

   

Weighted-

Average

Remaining

Contractual

Life

   

Aggregate

Intrinsic

Value

 

Outstanding at July 1, 2011

    3,636,145     $ 2.83       3.8     $ 478,375  

Granted

    1,475,000       2.97                  

Exercised

    -       -                  

Forfeited

    -       -                  

Expired

    -       -                  

Outstanding at June 30, 2012

    5,111,145       2.86       4.6       274,200  

Granted

    150,000       2.10                  

Exercised

    -       -                  

Forfeited

    -       -                  

Expired

    -       -                  

Outstanding at June 30, 2013

    5,261,145     $ 2.84       4.0     $ 168,750  

Exercisable at June 30, 2013

    4,936,145     $ 2.85       3.9     $ 168,750  
Schedule of Nonvested Share Activity [Table Text Block]
   

Options

   

Weighted Average

Grant-Date Fair

Value

 

Nonvested at July 1, 2012

    590,000     $ 1.83  

Granted

    150,000       0.83  

Vested

    (415,000 )     (1.44 )

Forfeited

    -       -  

Nonvested at June 30, 2013

    325,000     $ 1.86  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
   

Year ended

June 30,

2013

   

Year ended

June 30,

2012

 

General and administrative:

               

Fair value of stock/warrant bonuses expensed

  $ 1,159,575     $ 1,035,300  

Fair value of stock issued to an employee

    99,996       99,996  

Change in fair value from modification of option terms

    2,496,700       94,820  

Fair value of stock options expensed

    416,804       2,485,782  

Total

  $ 4,173,075     $ 3,715,898  
                 

Research and development:

               

Fair value of stock options expensed

  $ 38,276     $ 50,251  

Total

  $ 38,276     $ 50,251