EQUITY TRANSACTIONS

9 Months Ended

Mar. 31, 2012

EQUITY TRANSACTIONS [Abstract]

EQUITY TRANSACTIONS

NOTE 9 - EQUITY TRANSACTIONS

During the three and nine months ended March 31, 2012 and 2011, stock options to purchase shares of the Company's common stock were exercised as follows:

	Three-Months Ended				Nine-Months Ended
	March 31,				March 31,
	2012		2011		2012		2011
	(Unaudited)				(Unaudited)
Options exercised		65,648		3,000		79,751		5,000
Proceeds (in thousands)	$	43	$	2	$	56	$	3
Average exercise price per share	$	0.66	$	0.60	$	0.71	$	0.70

As of March 31, 2012, there was $833 thousand of stock option and restricted stock compensation expense related to non-vested awards which is expected to be recognized over a weighted average period of 2.27 years.