INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The income tax provision in 2013 and 2012 consisted of the following:

Year Ended June 30,	2013			2012
Current:
Federal	$	1,697,085		$	953,682
State	(156,039		)	(194,875		)
Deferred	729,720			341,284
Total income tax provision	$	2,270,766		$	1,100,091

Schedule of Effective Income Tax Rate Reconciliation

The 2013 and 2012 tax results in an effective rate different than the federal statutory rate because of the following:

Year Ended June 30,	2013			2012
Federal income tax expense at statutory rate	$	2,617,484		$	1,373,772
State income tax expense, net of federal income tax benefit	147,516			80,810
Increase (decrease) in valuation allowance	21,890			(471,254		)
Research and development credits	—			(34,835		)
Stock-based compensation	49,561			32,442
Adjustments for unrecognized tax benefits	(449,938		)	—
Other	(115,747		)	119,156
Total income tax provision	$	2,270,766		$	1,100,091

Schedule of Deferred Tax Assets and Liabilities

Temporary differences which give rise to deferred income tax assets and liabilities at June 30 include:

	2013			2012
Deferred income tax assets:
Deferred compensation	$	886,750		$	812,639
Stock-based compensation	524,387			362,585
Accrued expenses and reserves	1,177,771			1,249,817
Package design and trademarks	—			46,997
Unauthorized transactions	—			458,284
Federal and state net operating loss carryforwards	267,944			1,500,198
AMT and research and development credit carryforwards	—			153,045
Valuation allowance	(222,409		)	(200,486		)
Total deferred income tax asset	2,634,443			4,383,079
Deferred income tax liabilities:
Equipment and leasehold improvements	(22,025		)	(466,250		)
Capitalized research and development costs	(1,015,838		)	(1,592,415		)
Other	(5,597		)	(3,711		)
Net deferred income tax asset	$	1,590,983		$	2,320,703

Deferred Tax Assets as Presented on Consolidated Balance Sheets

Deferred income tax assets as presented on the consolidated balance sheets:

	2013		2012
Current deferred income tax assets	$	1,171,453	$	963,303
Noncurrent deferred income tax assets	419,530		1,357,400
Net deferred income tax assets	$	1,590,983	$	2,320,703

Accrued Interest, Tax Position, Unauthorized Transactions

As part of the unauthorized transactions, the Company has accrued interest of $49,150 and $150,624 as of June 30, 2013 and 2012, respectively.

	2013			2012
Accrued interest at beginning of year	$	150,624		$	498,806
Interest charges to expense	44,014			44,015
Interest charges paid	—			(140,712		)
Interest charges reversed	(145,488		)	(251,485		)
Accrued interest at end of year	$	49,150		$	150,624

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	2013			2012
Unrecognized tax benefits at beginning of year	$	1,146,051		$	599,938
Gross increases - tax positions in prior years	—			546,113
Reductions due to lapse in statute	(249,938		)	—
Reductions based on settlements with taxing authorities	(200,000		)	—
Unrecognized tax benefits at end of year	$	696,113		$	1,146,051

Summary of Valuation Allowance

The following are the changes in the valuation allowance:

Year Ended June 30,	Balance, beginning of year			Increase in valuation allowance		Release of valuation allowance	Balance, end of year
2013	$	(200,486	)	(21,923	)	—	$	(222,409	)
2012	$	(671,740	)	—		471,254	$	(200,486	)