INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Schedule of provision (benefit) for income taxes

	2013			2012
Current:
Federal	$	5,000		$	(435,000	)
State		7,000			(6,000	)
Deferred:
Federal		(41,000	)		—
State		(10,000	)		—
Benefit from income taxes	$	(39,000	)	$	(441,000	)

Schedule of reconciliation federal statutory income tax rates

	2013			2012
Federal income tax benefit at the statutory rate		(34	)%		(34	)%
Change in valuation allowance against net deferred tax assets		45			26
State income taxes, net of federal tax benefit		(7	)		(9	)
State income tax rate adjustment		(1	)		(10	)
Tax incentives		(7	)		(7	)
Non-deductible items		2			3
Benefit from income taxes		(2	)%		(31	)%

Schedule of deferred income tax assets and liabilities

	2013			2012
Deferred tax assets/(liabilities) — current:
Accrued expenses	$	206,000		$	332,000
Inventories		504,000			282,000
Net operating losses		—			—
State taxes		2,000			(19,000	)
Valuation allowance		(653,000	)		(486,000	)
	$	59,000		$	109,000

	2013			2012
Deferred tax assets/(liabilities) — non-current:
Income tax credit carry forwards	$	1,381,000		$	1,235,000
Net operating losses		1,092,000			534,000
Intangible assets		350,000			430,000
Deferred rent		149,000			163,000
State taxes		16,000			37,000
Depreciation		(291,000	)		(405,000	)
Share based compensation		32,000			—
Unrealized gain on investment		(2,000	)		—
Valuation allowance		(2,786,000	)		(2,103,000	)
	$	(59,000	)	$	(109,000	)

Schedule of valuation allowance

Balance, July 1, 2012	$	(2,589,000	)
Increase in tax asset valuation allowance		(850,000	)
Balance, June 30, 2013	$	(3,439,000	)

Schedule of accrual unrecognized tax benefits

Balance, July 1, 2012	$	313,000
Additions related to current year tax positions		34,000
Additions related to prior year tax positions		—
Balance, June 30, 2013	$	347,000