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Stockholders' Equity (Tables)
 6 Months Ended
Dec. 31, 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 six month periods ended December 31, 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

 

 

4,135,000

 

 

$

0.50

 

 

 

9.60

 

 

 

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Forfeited

 

 

(750,000

)

 

$

1.25

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

$

 

 

 

 

-

 

 

 

 

Outstanding at December 31, 2012

 

 

7,974,507

 

 

$

0.77

 

 

 

6.93

 

 

$

-

 

Exercisable at December 31, 2012

 

 

4,500,257

 

 

$

0.89

 

 

 

5.90

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Weighted average fair value of options granted during the six months ended December 31, 2012.

 

 

 

 

 

$

0.37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2013

 

 

6,337,007

 

 

$

0.75

 

 

 

8.25

 

 

 

 

 

Granted

 

 

1,215,500

 

 

$

1.35

 

 

 

9.20

 

 

 

 

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Expired

 

 

-

 

 

$

-

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2013

 

 

7,552,507

 

 

$

0.86

 

 

 

6.48

 

 

$

692,330

 

Exercisable at December 31, 2013

 

 

4,170,173

 

 

$

0.94

 

 

 

4.92

 

 

$

222,689

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the six months ended December 31, 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 December 31, 2012 and from June 30, 2013 to December 31, 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

 

 

 

7.96

 

 

 

 

Granted

 

 

235,000

 

 

$

0.90

 

 

 

10.00

 

 

 

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

Outstanding at December 31, 2012

 

 

1,092,500

 

 

$

1.26

 

 

 

7.90

 

 

$

-

 

Exercisable at December 31, 2012

 

 

756831

 

 

$

1.38

 

 

 

7.37

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the six months ended December 31, 2012

 

 

 

 

 

$

0.65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2013

 

 

1,200,833

 

 

$

1.16

 

 

 

8.04

 

 

 

 

 

Granted

 

 

495,000

 

 

$

1.19

 

 

 

10.00

 

 

 

 

 

Exercised

 

 

(20,000

)

 

$

0.91

 

 

 

-

 

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Outstanding at December 31, 2013

 

 

1,675,833

 

 

$

1.12

 

 

 

8.11

 

 

$

6,287

 

Exercisable at December 31, 2013

 

 

885,835

 

 

$

1.23

 

 

 

6.98

 

 

$

5,154

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the six months ended December 31, 2013

 

 

 

 

 

$

0.76

 

 

 

 

 

 

 

 

 


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 six month periods from June 30, 2012 to December 31, 2012 and from June 30, 2013 to December 31, 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 December 31, 2012

 

 

440,000

 

 

$

1.14

 

 

 

1.77

 

 

$

-

 

Exercisable at December 31, 2012

 

 

440,000

 

 

$

1.14

 

 

 

1.77

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the six months ended December 31, 2012

 

 

 

 

 

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2013

 

 

560,000

 

 

$

1.22

 

 

 

5.96

 

 

 

 

 

Granted

 

 

20,000

 

 

$

1.18

 

 

 

5.00

 

 

 

 

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

 

 

 

 

Outstanding at December 31, 2013

 

 

580,000

 

 

$

1.22

 

 

 

5.43

 

 

$

-

 

Exercisable at December 31, 2013

 

 

305,000

 

 

$

1.21

 

 

 

1.92

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the six months ended December 31, 2013

 

 

 

 

 

$

0.96

 

 

 

 

 

 

 

 

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

A summary of warrants issued for cash and changes during the periods June 30, 2012 to December 31, 2012 and from June 30, 2013 to December 31, 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

 

 

(1,820,000

)

 

$

0.50

 

 

 

-

 

Exercise rescission

 

 

-

 

 

$

-

 

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

Expired

 

 

(320,000

)

 

$

1.60

 

 

 

-

 

Outstanding at December 31, 2012

 

 

2,391,200

 

 

$

1.42

 

 

 

1.00

 

Exercisable at December 31, 2012

 

 

2,91,200

 

 

$

1.42

 

 

 

1.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the six months ended December 31, 2012

 

 

 

 

 

$

0.44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2013

 

 

1,533,700

 

 

$

1.25

 

 

 

2.06

 

Granted

 

 

949,412

 

 

$

1.17

 

 

 

5.00

 

Exercised

 

 

(20,000

)

 

$

1.25

 

 

 

-

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

Expired

 

 

(325,000

)

 

$

1.25

 

 

 

-

 

Outstanding at December 31, 2013

 

 

2,138,112

 

 

$

1.22

 

 

 

3.46

 

Exercisable at December 31, 2013

 

 

2,138,112

 

 

$

1.22

 

 

 

3.46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the six months ended December 31, 2013

 

 

 

 

 

 

N/A

 

 

 

 

 


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

A summary of warrants issued for settlements and changes during the periods July 1, 2012 to December 31, 2012 and from July 1, 2013 to December 31, 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 December 31, 2012

 

 

694,058

 

 

$

0.84

 

 

 

2.58

 

Exercisable at December 31, 2012

 

 

694,058

 

 

$

0.84

 

 

 

2.58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the six months ended December 31, 2012

 

 

 

 

 

$

0.33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2013

 

 

350,000

 

 

$

0.63

 

 

 

4.22

 

Granted

 

 

-

 

 

$

-

 

 

 

-

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

Forfeited

 

 

-

 

 

$

-

 

 

 

-

 

Expired

 

 

-

 

 

$

-

 

 

 

-

 

Outstanding at December 31, 2013

 

 

350,000

 

 

$

0.63

 

 

 

3.74

 

Exercisable at December 31, 2013

 

 

350,000

 

 

$

0.63

 

 

 

3.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the six months ended December 31, 2013

 

 

 

 

 

 

N/A