Stock Based Compensation (Tables)

12 Months Ended

Jun. 30, 2013

Stock Based Compensation Tables

Weighted average assumptions for Black-Scholes-Merton option pricing formula

	2013	2012
Expected Term	4.96 years	5.09 years
Weighted Average Volatility	121.93%	95.18%
Forfeiture rate	20%	18.82%
Risk-free interest rate	2.02%	2.06%
Expected dividend rate	0.00%	0.00%

Exercise prices for options and warrants granted and outstanding which resulted in stock based compensation charges

The exercise prices for options and warrants granted and outstanding which resulted in stock based compensation charges was as follows at June 30, 2013:

Exercise Price Range	Number of options or warrants
$0.25 - $0.50	100,000
$0.51 – $0.75	1,297,000
$0.76 - $1.00	-
$1.01 - $1.25	624,000
$1.26 - $2.00	32,500
$2.01 - $3.00	-
$3.01 - $4.00	1,462
$4.01 above	-
	2,054,962

Summary of non-vested options and warrants

A summary of the status of our non-vested options and warrants as of June 30, 2013 and changes during the year then ended is as follows:

	Shares
Non-vested outstanding, July 1, 2012	624,173
Granted	152,000
Vested	(420,518)
Cancelled	-
Non-vested outstanding, June 30, 2013	355,655

Shares of common stock reserved for future issuance

The following table summarizes shares of our common stock reserved for future issuance at June 30, 2013:

Stock based compensation:
Stock options outstanding	1,133,462
Stock warrants outstanding	921,500
Common shares to be issued under conversion feature	1,050,000
Common shares to be issued under $0.01 warrants	131,250
Common shares to be issued under $0.50 warrants	78,750
Total common shares reserved for future issuance	3,314,962