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Stockholders' Equity (Tables)
 3 Months Ended
Sep. 30, 2013
Employee Options and Stock Appreciation Rights [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Options Activity

A summary of stock option transactions for all employee stock options for the three month periods ended September 30, 2013 and 2012 is as follows:


Employee Options and Stock Appreciation Rights


                                 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

 

 

Aggregate

Intrinsic

Value

 

Balance at June 30, 2012

 

 

4,589,507

 

 

$

1.04

 

 

 

5.95

 

 

 

 

Granted

 

 

935,000

 

 

$

0.69

 

 

 

8.20

 

 

 

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

 

 

 

 

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Outstanding at September 30, 2012

 

 

5,524,507

 

 

$

1.02

 

 

 

5.65

 

 

$

17,300

 

Exercisable at September 30, 2012

 

 

3,041,839

 

 

$

0.98

 

 

 

5.10

 

 

$

5,633

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the three months ended September 30, 2012.

 

 

 

 

 

$

0.48

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2013

 

 

6,337,007

 

 

$

0.75

 

 

 

8.25

 

 

 

 

 

Granted

 

 

1,425,000

 

 

$

1.34

 

 

 

9.60

 

 

 

 

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Expired

 

 

-

 

 

$

-

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2013

 

 

7,762,007

 

 

$

0.87

 

 

 

6.68

 

 

$

2,615,329

 

Exercisable at September 30, 2013

 

 

3,689,258

 

 

$

0.91

 

 

 

5.28

 

 

$

1,070,034

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the three months ended September 30, 2013

 

 

 

 

 

$

0.69

 

 

 

 

 

 

 

 

 
Directors [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Options Activity

A summary of options issued to directors under the 2007 Plan and changes during the period from June 30, 2012 to September 30, 2012 and from June 30, 2013 to September 30, 2013 is as follows:


Options Issued to Directors


                                 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

 

 

Aggregate

Intrinsic

Value

 

Balance at June 30, 2012

 

 

857,500

 

 

$

1.36

 

 

 

7.98

 

 

 

 

Granted

 

 

230,000

 

 

$

0.91

 

 

 

10.00

 

 

 

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Outstanding at September 30, 2012

 

 

1,087,500

 

 

$

1.26

 

 

 

8.14

 

 

$

2,800

 

Exercisable at September 30, 2012

 

 

725,999

 

 

$

1.39

 

 

 

7.58

 

 

$

467

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the three months ended September 30, 2012

 

 

 

 

 

$

0.66

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2013

 

 

1,200,833

 

 

$

1.16

 

 

 

8.04

 

 

 

 

 

Granted

 

 

435,000

 

 

$

1.19

 

 

 

10.00

 

 

 

 

 

Exercised

 

 

(20,000

)

 

$

0.91

 

 

 

-

 

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Outstanding at September 30, 2013

 

 

1,615,833

 

 

$

1.12

 

 

 

8.31

 

 

$

243,653

 

Exercisable at September 30, 2013

 

 

862,919

 

 

$

1.24

 

 

 

7.22

 

 

$

108,158

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the three months ended September 30, 2013

 

 

 

 

 

$

0.74

 

 

 

 

 

 

 

 

 


Non-Employee, Non-Director Options [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Options Activity

A summary of options issued to non-employees under the 2007 Plan and changes during the three month periods from June 30, 2012 to September 30, 2012 and from June 30, 2013 to September 30, 2013 is as follows:


Non-Employee, Non-Director Options


                                 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

 

 

Aggregate

Intrinsic

Value

 

Balance at June 30, 2012

 

 

540,000

 

 

$

1.16

 

 

 

3.14

 

 

 

 

Granted

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Exercised

 

 

(100,000

)

 

$

0.50

 

 

 

 

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Outstanding at September 30, 2012

 

 

440,000

 

 

$

1.14

 

 

 

2.02

 

 

$

-

 

Exercisable at September 30, 2012

 

 

440,000

 

 

$

1.14

 

 

 

2.02

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the three months ended September 30, 2012

 

 

 

 

 

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2013

 

 

560,000

 

 

$

1.22

 

 

 

5.96

 

 

 

 

 

Granted

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Outstanding at September 30, 2013

 

 

560,000

 

 

$

1.22

 

 

 

5.71

 

 

$

9,450

 

Exercisable at September 30, 2013

 

 

285,000

 

 

$

1.21

 

 

 

1.97

 

 

$

700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the three months ended September 30, 2013

 

 

 

 

 

 

N/A

 

 

 

 

 

 

 

 
Warrants Issued for Cash or Services [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Options Activity

A summary of warrants issued for cash and changes during the periods June 30, 2012 to September 30, 2012 and from June 30, 2013 to September 30, 2013 is as follows:


Warrants issued for cash or services


                         

 

 

Number of

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Remaining

Contractual

Life

 

Balance at June 30, 2012

 

 

4,481,200

 

 

$

1.46

 

 

 

2.46

 

Granted

 

 

50,000

 

 

$

0.63

 

 

 

5.0

 

Exercised

 

 

(1,640,000

)

 

$

0.50

 

 

 

-

 

Exercise recission

 

 

-

 

 

$

-

 

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

Outstanding at September 30, 2012

 

 

2,891,200

 

 

$

1.44

 

 

 

1.10

 

Exercisable at September 30, 2012

 

 

2,891,200

 

 

$

1.44

 

 

 

1.10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the three months ended September 30, 2012

 

 

 

 

 

$

0.44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2013

 

 

1,533,700

 

 

$

1.25

 

 

 

2.06

 

Granted

 

 

529,412

 

 

$

1.30

 

 

 

5.00

 

Exercised

 

 

(20,000

)

 

$

1.25

 

 

 

-

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

Expired

 

 

(110,000

)

 

$

1.25

 

 

 

-

 

Outstanding at September 30, 2013

 

 

1,933,112

 

 

$

1.27

 

 

 

2.75

 

Exercisable at September 30, 2013

 

 

1,933,112

 

 

$

1.27

 

 

 

2.75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the three months ended September 30, 2013

 

 

 

 

 

 

N/A

 

 

 

 

 


Warrants Issued As Settlements [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Options Activity

A summary of warrants issued for settlements and changes during the periods July 1, 2012 to September 30, 2012 and from July 1, 2013 to September 30, 2013 is as follows:


Warrants Issued as Settlements


                         

 

 

Number of

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Remaining

Contractual

Life

 

Balance at June 30, 2012

 

 

344,058

 

 

$

1.05

 

 

 

0.92

 

Granted

 

 

350,000

 

 

$

0.60

 

 

 

5.00

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

Outstanding at September 30, 2012

 

 

694,058

 

 

$

0.84

 

 

 

2.84

 

Exercisable at September 30, 2012

 

 

694,058

 

 

$

0.84

 

 

 

2.84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the three months ended September 30, 2012

 

 

 

 

 

$

0.33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2013

 

 

350,000

 

 

$

0.60

 

 

 

4.22

 

Granted

 

 

-

 

 

$

-

 

 

 

-

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

Outstanding at September 30, 2013

 

 

350,000

 

 

$

0.60

 

 

 

3.97

 

Exercisable at September 30, 2013

 

 

350,000

 

 

$

0.60

 

 

 

3.97

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the three months ended September 30, 2013

 

 

 

 

 

 

N/A