STOCK OPTIONS (Tables)

3 Months Ended

Sep. 30, 2017

Fair value weighted average assumptions

	Three Months Ended September 30,
	2017		2016
Expected volatility		60.41% to 104.94 %		60.41% to 104.94 %
Risk-free interest rate		0.30% to 0.78 %		0.30% to 0.78 %
Expected life (years)		2.50		2.50

Company's non-vested employee stock options

A summary of the status of the Company’s non-vested employee stock options during the three months ended September 30, 2017 is presented below:

	Options		Weighted Average Grant-Date Fair Value
Non-vested at July 1, 2017		48,125	$	3.77
Granted		—		—
Vested		—		—
Forfeited		—		—
Non-vested at September 30, 2017		48,125	$	3.77

A summary of the status of the Company’s non-vested employee stock options during the three months ended September 30, 2016 is presented below:

	Options		Weighted Average Grant-Date Fair Value
Non-vested at July 1, 2016		38,750	$	3.22
Granted		—		—
Vested		—		—
Forfeited		—		—
Non-vested at September 30, 2016		38,750	$	3.22

2007 Employee Plan [Member]

Option activities

A summary of option activities under the 2007 Employee Plan during the three months ended September 30, 2017 is presented as follows:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2017		127,500	$	3.52		3.10	$	187
Granted		—		—		—		—
Exercised		—		—		—		—
Forfeited or expired		—		—		—		—
Outstanding at September 30, 2017		127,500	$	3.52		2.85	$	220
Exercisable at September 30, 2017		79.375	$	3.36		2.11	$	149

A summary of option activities under the 2007 Employee Plan during the three months ended September 30, 2016 is presented as follows:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2016		90,000	$	3.26		3.42	$	30
Granted		—		—		—		—
Exercised		—		—		—		—
Forfeited or expired		—		—		—		—
Outstanding at September 30, 2016		90,000	$	3.26		3.17	$	31
Exercisable at September 30, 2016		51,250	$	3.28		2.57	$	17

2007 Directors Equity Incentive Plan [Member]

Option activities

A summary of option activities under the 2007 Directors Plan during the three months ended September 30, 2017 is presented as follows:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2017		415,000	$	3.36		2.93	$	673
Granted		—		—		—		—
Exercised		—		—		—		—
Forfeited or expired		—		—		—		—
Outstanding at September 30, 2017		415,000	$	3.36		2.68	$	781
Exercisable at September 30, 2017		415,000	$	3.36		2.68	$	781

A summary of option activities under the 2007 Directors Plan during the three months ended September 30, 2016 is presented as follows:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2016		415,000	$	3.14		3.29	$	198
Granted		—		—		—		—
Exercised		—		—		—		—
Forfeited or expired		—		—		—		—
Outstanding at September 30, 2016		415,000	$	3.14		3.04	$	204
Exercisable at September 30, 2016		415,000	$	3.14		3.04	$	204