9. EMPLOYEE/DIRECTOR EQUITY INCENTIVE PLANS (Tables)

3 Months Ended

Sep. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock option activity under the employee and director plans

	Number of Options			Weighted Average Exercise Price Per Share
Balance at July 1, 2012		847,813		$	6.25
Options granted		142,710			1.90
Options forfeited		(205,240	)		5.05
Balance at June 30, 2013		785,283			5.78
Options granted		200			1.90
Options forfeited		(5,433	)		3.46
Balance at September 30, 2013		780,050		$	5.79

Stock options outstanding

	Outstanding						Exercisable
Range of Exercise Prices	Number of Options		Average Remaining Contractual Life (in years)		Weighted Average Exercise Price		Number of Options		Average Remaining Contractual Life (in years)		Weighted Average Exercise Price
$1.70 to $2.50		128,810		6.79	$	1.94		50,670		6.58	$	2.00
$2.51 to $5.00		210,367		5.88		3.88		135,889		5.74		3.88
$5.01 to $7.50		380,873		4.66		6.24		322,456		4.54		6.31
$7.51 to $17.95		60,000		1.14		17.95		60,000		1.14		17.95
Balance at September 30, 2013		780,050		5.07		5.79		569,015		4.65		6.57

Assumptions were used to estimate the fair value of options

	Three months ended September 30,
	2013	2012
Expected life of option (years)	4	4
Risk-free interest rate	0.95 - 1.20%	0.46 - 0.54%
Assumed volatility	94 - 95%	104%
Expected dividend rate	0%	0%
Expected forfeiture rate	5.55 - 5.62%	4.19 - 6.66%

Summary of the status of unvested employee stock options

	Number of  Options			Weighted Average Grant Date Fair Value Per Share
Balance at July 1, 2012		449,499		$	4.70
Granted		142,710			1.90
Vested		(158,372	)		4.75
Forfeited		(171,134	)		4.20
Balance at June 30, 2013		262,704			3.45
Granted		200			1.90
Vested		(48,836	)		2.50
Forfeited		(3,033	)		2.06
Balance at September 30, 2013		211,035		$	3.68

Status of restricted stock unit balances

	Number of Restricted Stock Units			Weighted Average Valuation Price Per Unit
Balance at July 1, 2012		489,687		$	3.60
RSUs granted		970,000			1.30
RSUs forfeited		(320,000	)		1.30
Shares issued		(8,000	)		1.70
Balance at June 30, 2013		1,131,687			2.27
RSUs granted		5,000			1.00
RSUs forfeited		-			-
Shares issued		-			-
Balance at September 30, 2013		1,136,687		$	2.27