Share-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of weighted average assumptions

There were no stock options granted during the fiscal year ended June 30, 2014. The following weighted average assumptions were used in the calculation of share-based compensation expense for options granted during the year ended June 30, 2013:

	Year Ended
	June 30, 2013
Weighted average risk-free interest rate		0.9%
Expected life (in years)		5.7
Expected stock price volatility		89%
Dividend yield		None

Schedule of summary of stock option activity

The following is a summary of stock option activity under the Option Plans for the years ended June 30, 2014 and 2013:

	Outstanding Options
	Number of Shares			Weighted-Average Exercise Price
Balance, July 1, 2012	591,672		$	2.48
Options granted	70,000			1.92
Options canceled or expired	(325,834	)		2.61
Options exercised	(43,334	)		1.53
Balance, July 1, 2013	292,504		$	2.35
Options granted	—			—
Options canceled or expired	(123,398	)		2.22
Options exercised	(4,104	)		2.33
Balance, June 30, 2014	165,002		$	2.40
Stock Options Exercisable at June 30, 2014	145,835		$	2.49

Schedule of options outstanding and options exercisable

The following table summarizes information regarding options outstanding and options exercisable under the Option Plans at June 30, 2014:

	Options Outstanding				Options Exercisable
Range of Exercise Prices	Number Outstanding	Weighted-Avg. Remaining Contractual Life	Weighted- Avg. Exercise Price	Aggregate. Intrinsic Value	Number Outstanding	Weighted-Avg. Remaining Contractual Life	Weighted-Avg. Exercise Price	Average Intrinsic Value
$0 to 2.50	145,500	7.23	$1.87	$33,600	125,833	7.13	$1.89	$26,917
2.5  to 5.00	3,334	2.88	4.38	—	3,334	2.88	4.38	—
5.01  to 7.50	8,334	0.02	5.58	—	8,334	0.02	5.58	—
7.51 to 10.00	8,334	1.52	7.65	—	8,334	1.52	7.65	—
Total	165,002	6.49 years	$2.40	$33,600	145,835	6.31	$2.49	$26,917

Schedule of restricted share activity

The following is a summary of restricted share activity for the years ended June 30, 2014 and 2013:

	Outstanding Restricted Stock Units
	Number of Shares			Weighted-Average Stock Price On Grant Date
Balance, June 30, 2012	—		$	—
Granted	35,000			1.73
Forfeited	(2,500	)		1.73
Vested	—			—
Balance, June 30, 2013	32,500		$	1.73
Granted	—			—
Forfeited	(10,001	)		1.73
Vested	(9,166	)		1.73
Balance, June 30, 2014	13,333		$	1.73