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EQUITY TRANSACTIONS (Tables)
 12 Months Ended
Jun. 30, 2014
EQUITY TRANSACTIONS [Abstract]  
Stock options exercised to purchase common stock
During the years ended June 30, 2014, 2013 and 2012, stock options to purchase shares of the Company’s common stock were exercised as follows:

 
 
Year Ended June 30,
 
 
 
2014
  
2013
  
2012
 
 
 
  
  
 
Options Exercised
  
13,125
   
100,445
   
89,443
 
 
            
Proceeds (in thousands)
 
$
47
  
$
162
  
$
65
 
 
            
Average exercise price per share
 
$
3.53
  
$
1.62
  
$
0.73
 
Schedule of share repurchases
On January 7, 2013, the Company announced that its Board of Directors approved a stock repurchase program effective January 3, 2013, authorizing the Company to repurchase in the aggregate up to $3 million of its outstanding common stock over a two-year period.During the years ended June 30, 2014, 2013 and 2012, shares were repurchased as follows:

 
 
Year Ended June 30,
 
 
 
2014
  
2013
  
2012
 
 
 
  
  
 
Shares repurchased
  
136,441
   
25,360
   
-
 
 
            
Cash paid for shares repurchased (in thousands)
 
$
607
  
$
74
  
$
-
 
 
            
Average price paid per share
 
$
4.45
  
$
2.93
  
$
-