Stock Based Compensation (Tables)

9 Months Ended

Mar. 31, 2014

Stock Based Compensation Tables

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

Expected Term	4.96 years
Weighted average volatility	121.93%
Forfeiture rate	20.00%
Risk-free interest rate	2.02%
Expected dividend rate	0

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

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

	Shares
Non-vested outstanding, July 1, 2012	624,173
Granted	152,000
Vested	(420,518)
Cancelled	0
Non-vested outstanding, June 31, 2013	355,655
Granted	0
Vested	0
Cancelled	(355,655)
Non-vested outstanding, June 31, 2014	0

Shares of common stock reserved for future issuance

Stock based compensation:
Stock options outstanding	0
Stock warrants outstanding	0
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	65,000
Total common shares reserved for future issuance	1,246,250