XML 84 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity (Tables)
9 Months Ended
Mar. 31, 2013
Equity [Abstract]  
Stock-based compensation expense
   Twelve Months Ended June 30,
   2013  2012
       
Cost of Goods Sold  $10,275   $15,978 
Other Selling and Marketing   8,186    33,819 
General and Administrative   15,919    22,149 
Total  $34,380   $71,946 
Summary of Option Activity
Option Activity  Shares  Weighted
Average
Exercise Price
  Weighted Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value as of
June 30, 2013
Outstanding at June 30, 2011   2,125,956   $.20    3.4 years   $—   
Granted   1,738,000   $.17        $—   
Exercised   —     $—          $—   
Forfeited or Expired   (357,000)  $.20        $—   
Outstanding at June 30, 2012   3,506,956   $.18    3.4 years   $—   
Granted   2,894,000   $.06        $—   
Exercised   —     $—          $—   
Forfeited or Expired   (2,817,456)  $.16        $—   
Outstanding at June 30, 2013   3,583,500   $.10    

3.8 years

   $115,605 
Exercisable at June 30, 2013   522,750   $.19    

2.4 years

   $—   
Summary of non-vested options
Non-vested Options  Shares  Weighted
Average
Grant-Date
Fair Value
Non-vested at June 30, 2012   2,569,625   $.04 
Granted   2,894,000    .06 
Vested   (317,625)   .09 
Forfeited   (2,285,250)   .05 
Non-vested at June 30, 2013   2,860,750   $.04 
Weighted Average characteristics of outstanding stock options
    Outstanding Options   Exercisable Options
Exercise Prices   Number
of Shares
  Remaining
Life (Years)
  Weighted
Average Price
  Number of
Shares
  Weighted
Average Price
  $ .06 to $.10       2,313,000       4.3     $ .07       —      $ —  
  $ .15 to $.16       1,016,500       3.1     $ .16       332,250   $ .16
  $ .25       254,000       1.3     $ .25       190,500   $ .25
Total stock options     3,583,500       3.8     $ .10       522,750   $ .19
Value assumptions related to options
   

2013

   

2012

   
Exercise Price:    $ 0.06 - 0.10     $ 0.16 - 0.20    
Volatility:     29% to 147%       56% to 109%    
Risk Free Rate:     0.43% to 0.65%       0.56% to 0.66%    
Vesting Period:   4 years     4 years    
Forfeiture Rate:     0%       0%    
Expected Life   4.4 years     4.5 years    
Dividend Rate     0%       0%    
Share Purchase Warrants outstanding
Number of
Warrants
  Exercise
Price
  Expiration
Date
  292,479     $ .50     June 26, 2014
  1,292,479     $ .75     June 26, 2014
  877,435     $ 1.00     June 26, 2014
                 
  2,462,393              
                 
Share Purchase Warrants
   Shares  Weighted
Average
Exercise
Price
Balance June 30, 2012   2,712,393   $.76 
Issued   —      —   
Expired   (250,000)   .25 
Balance June 30, 2013   2,462,393   $.81