Employee Savings and Investment Plan

12 Months Ended

Jun. 30, 2012

Compensation and Retirement Disclosure [Abstract]

Employee Savings and Investment Plan

9. Employee Savings and Investment Plan

The Company maintains a 401(k) savings and investment plan in which all employees are eligible to participate. On August 31, 2010, a 401(k) match of up to $500 per year per employee was approved by the Compensation Committee of the Company’s Board of Directors.

In fiscal 2012 and 2011, the Company expensed $59,000 and $87,000, respectively, in 401(k) matching benefits.