SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Mar. 31, 2013

Share-Based Compensation Tables

Share-Based Compensation Expense for Options Granted

The following assumptions were used in the calculation of share-based compensation expense for options granted during the three months ended March 31, 2013 (no options were granted during the three months ended March 31, 2012), and the nine months ended March 31, 2013 and 2012:

	Three Months Ended March 31, 2013
Dividend rate	None
Price volatility	92%
Risk-free interest rate	0.8%
Expected life	5.2 years

	Nine Months Ended March 31,
	2013	2012
Dividend rate	None	None
Price volatility	89%	62%
Risk-free interest rate	0.86%	1.0%-1.3%
Expected life	5.7 years	6.0 years

Summary of Stock Option Activity

Following is a summary of stock option activity for the nine months ended March 31, 2013 and 2012:

	2013					2012
	Shares			Weighted- Average Exercise Price		Shares			Weighted- Average Exercise Price
Outstanding at beginning of period		591,672		$	2.48		320,842		$	2.71
Granted		60,000			1.90		205,000			2.04
Exercised		(33,334	)		1.50		—			—
Forfeited		(213,334	)		2.35		(47,502	)		2.43
Outstanding at end of period		405,004		$	2.34		478,340		$	2.67
Exercisable at end of period		274,726		$	2.88		278,062		$	3.15
Weighted-average fair value per option granted during the period				$	1.34				$	1.16

Summary of Information Regarding Options Outstanding and Options Exercisable under Plans

Following is a summary of information regarding options outstanding and options exercisable at March 31, 2013:

	Options Outstanding							Options Exercisable
Range of Exercise Price	Number Outstanding		Average Contractual Life	Average Exercise Price		Aggregate Intrinsic Value		Number Outstanding		Average Remaining Contractual Life	Average Exercise Price		Aggregate Intrinsic Value
$1.35 to $3.48		340,000	8.3 years	$	1.97	$	58,350		209,722	8.0 years	$	2.03	$	26,669
$3.49 to $5.62		50,003	3.0 years		4.81	$	—		50,003	3.0 years		4.81	$	—
$5.63 to $7.76		10,001	2.5 years		7.34	$	—		10,001	2.5 years		7.34	$	—
$7.77 to $9.90		5,000	2.3 years		9.90	$	—		5,000	2.3 years		9.9	$	—
Total		405,004	6.9 years	$	2.34	$	58,350		274,726	6.8 years	$	2.88	$	26,669

Summary of Restricted Share Activity

The following is a summary of restricted share activity for the nine months ended March 31, 2013:

	Shares		Weighted- Average Grant Date Fair Value
Outstanding at beginning of  year		—		—
Granted		35,000	$	1.73
Vested		—		—
Forfeited		—		—
Outstanding at end of period		35,000	$	1.73