EQUITY	9 Months Ended
Mar. 31, 2013
EQUITY [Abstract]
EQUITY	NOTE 3- EQUITY: On August 1, 2012, the Company issued a consultant options with certain market conditions to purchase 50,000 shares of common stock at an exercise price of $4.72 per share, the closing price of the common stock on the date of grant. On August 27, 2012, the Company issued options to purchase 60,871 shares of common stock at an exercise price of $5.80 per share, the closing price of the common stock on the date of grant, to a consultant who was an immediate family member of the Company's CEO at the time of grant. On August 27, 2012, the Company extended the term of an option to purchase 30,435 shares of common stock previously granted to a consultant who was an immediate family member of the Company's CEO at the time of the extension. Following the extension, the options can be exercised until September 30, 2014. On October 20, 2012, the Company issued 215,000 shares of common stock to pursuant to an agreement with a licensor (See Note 10(a)). During the nine months ended March 31, 2013, the Company issued a total of 771,640 shares of common stock in connection with the exercise of 771,640 options and warrants. The Company received aggregate cash proceeds equal to approximately $1 million in connection with such exercises. On December 21, 2012, the Company amended its Umbrella Plan to increase the total number of shares of common stock issuable under such plan by 1.25 million shares and to permit the awarding of incentive stock options pursuant to the U.S. portion of the plan. On January 8, 2013, due to the failure of the Company's common stock to be listed on a national securities exchange on or before December 31, 2012, the Company issued 178,029 shares of common stock to the purchasers, or their assignees, under the 2011 SPA. Pursuant to the 2011 SPA, in the event that the Company's common stock was not listed on a national securities exchange on or before December 31, 2012, the Company was required to issue the purchasers under the 2011 SPA additional shares of common stock equal to 10% of the number of shares of common stock originally acquired by each such purchaser under the 2011 SPA. On February 7, 2013 the Company's board of directors approved the appointment of a new Director. In connection with his appointment, the Company issued 124,415 stock options to purchase shares of common stock at an exercise price of $3.4 per share, the closing price of the common stock on the date of grant. The fair value of the above granted shares is approximately $257,000. In calculating the fair value of options granted under share-based remuneration arrangements the Company used the following assumptions: dividend yield of 0% and expected term of 5.5-6.5 years in each year; expected volatility of 66.8%-68.9%; and risk-free interest rate of 0.96%-1.21%. The options have terms of 10 years from the date of grant and are subject to a three year vesting period, with one-third of such awards vesting each year. On January 3, 2013, in connection with the appointment of a new CEO, the Company granted the CEO a nonqualified stock option to purchase 525,927 shares of the Company's common stock and an incentive stock option to purchase 74,073 shares of the Company's common stock and 400,000 shares of restricted stock (See Note 9). As of March 31, 2013 there is unrecognized stock based compensation of approximately $3.4 million that will be recognized over a weighted average period of 3 years.

NOTE 3- EQUITY:

On August 1, 2012, the Company issued a consultant options with certain market conditions to purchase 50,000 shares of common stock at an exercise price of $4.72 per share, the closing price of the common stock on the date of grant.

On August 27, 2012, the Company issued options to purchase 60,871 shares of common stock at an exercise price of $5.80 per share, the closing price of the common stock on the date of grant, to a consultant who was an immediate family member of the Company's CEO at the time of grant.

On August 27, 2012, the Company extended the term of an option to purchase 30,435 shares of common stock previously granted to a consultant who was an immediate family member of the Company's CEO at the time of the extension. Following the extension, the options can be exercised until September 30, 2014.

On October 20, 2012, the Company issued 215,000 shares of common stock to pursuant to an agreement with a licensor (See Note 10(a)).

During the nine months ended March 31, 2013, the Company issued a total of 771,640 shares of common stock in connection with the exercise of 771,640 options and warrants. The Company received aggregate cash proceeds equal to approximately $1 million in connection with such exercises.

On December 21, 2012, the Company amended its Umbrella Plan to increase the total number of shares of common stock issuable under such plan by 1.25 million shares and to permit the awarding of incentive stock options pursuant to the U.S. portion of the plan.

On January 8, 2013, due to the failure of the Company's common stock to be listed on a national securities exchange on or before December 31, 2012, the Company issued 178,029 shares of common stock to the purchasers, or their assignees, under the 2011 SPA. Pursuant to the 2011 SPA, in the event that the Company's common stock was not listed on a national securities exchange on or before December 31, 2012, the Company was required to issue the purchasers under the 2011 SPA additional shares of common stock equal to 10% of the number of shares of common stock originally acquired by each such purchaser under the 2011 SPA.

On February 7, 2013 the Company's board of directors approved the appointment of a new Director. In connection with his appointment, the Company issued 124,415 stock options to purchase shares of common stock at an exercise price of $3.4 per share, the closing price of the common stock on the date of grant. The fair value of the above granted shares is approximately $257,000. In calculating the fair value of options granted under share-based remuneration arrangements the Company used the following assumptions: dividend yield of 0% and expected term of 5.5-6.5 years in each year; expected volatility of 66.8%-68.9%; and risk-free interest rate of 0.96%-1.21%. The options have terms of 10 years from the date of grant and are subject to a three year vesting period, with one-third of such awards vesting each year.

On January 3, 2013, in connection with the appointment of a new CEO, the Company granted the CEO a nonqualified stock option to purchase 525,927 shares of the Company's common stock and an incentive stock option to purchase 74,073 shares of the Company's common stock and 400,000 shares of restricted stock (See Note 9).

As of March 31, 2013 there is unrecognized stock based compensation of approximately $3.4 million that will be recognized over a weighted average period of 3 years.