5. Stock Option Plan (Tables)

12 Months Ended

Jun. 30, 2013

Stock Option Plan Tables

Assumptions used in the valuation of stock options granted

Expected dividend yield	--
Expected volatility	76.8	%
Risk-free interest rate	1.27	%
Expected life in years	6.0

Changes in the number of shares under option

	Number of Shares			Weighted Average Exercise Price
Balance at June 30, 2011		52,700		$	2.66
Granted during 2012		9,800			1.63
Expired		--			--
Balance at June 30, 2012		62,500			2.50
Granted during 2013		--
Expired		(16,000	)		3.93
Balance at June 30, 2013		46,500		$	2.00
Exercisable at June 30, 2013		46,500		$	2.00

Options Outstanding and Exercisable

				Weighted Average		Weighted Average
Exercise Price		Options		Exercise Price		Remaining Life-Years
	1.76		800	$	1.76		0.5
	1.60		3,900		1.60		5.5
	2.47		4,000		2.47		1.8
	2.24		12,000		2.24		6.8
	2.20		4,000		2.20		2.5
	2.00		12,000		2.00		7.5
	1.71		4,700		1.71		3.3
	1.55		5,100		1.55		8.3
			46,500		2.00		5.8