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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (USD $)
Total
Common Stock
Additional Paid-in Capital
Retained Earnings (accumulated deficit)
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Balance at Jun. 30, 2009 $ 49,505,197 $ 82,465 $ 69,377,852 $ (16,538,515) $ (3,837,147) $ 420,542
Net income (loss) 1,440,857     1,440,857    
other comprehensive income 1,235,474         1,235,474
Proceeds from stock offering, net of issuance cost 27,964,061 171,428 27,792,633      
Warrants issued 1,884,004   1,884,004      
Common stock issued (485,538 shares) 1,100,000 4,856 1,095,144      
Restricted stock issued   2,400 (2,400)      
Paid in capital related to stock based compensation 113,432   113,432      
Balance at Jun. 30, 2010 83,243,025 261,149 100,260,665 (15,097,658) (3,837,147) 1,656,016
Net income (loss) (9,691,120)     (9,691,120)    
other comprehensive income (2,553,251)         (2,553,251)
Restricted stock issued   275 (275)      
Paid in capital related to stock based compensation 283,327   283,327      
Balance at Jun. 30, 2011 71,281,981 261,424 100,543,717 (24,788,778) (3,837,147) (897,235)
Net income (loss) (1,331,077)     (1,331,077)    
other comprehensive income 425,119         425,119
Restricted stock issued   754 (754)      
Paid in capital related to stock based compensation 354,598   354,598      
Balance at Jun. 30, 2012 $ 70,730,621 $ 262,178 $ 100,897,561 $ (26,119,855) $ (3,837,147) $ (472,116)