XML 31 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 8 - Stockholders' Equity: (Tables)
6 Months Ended
Dec. 31, 2013
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Weighted average,

December 31, 2013

   

Range,

December 31, 2013

   

Weighted average,

December 31, 2012

   

Range,

December 31, 2012

 

Volatility

    49%      49% - 50%       66%      60% - 68%  

Dividend yield

    -       -         -       -    

Risk-free interest rate

    0.62%      0.59% - 0.68%       0.32%      0.31% - 0.34%  

Expected term (years)

    2.68      2.63 - 2.71       3.05      2.66 - 3.25  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   

Options

   

Weighted-

Average

Exercise

Price

   

Weighted-

Average

Remaining

Contractual

Life

   

Aggregate

Intrinsic

Value

 

Outstanding at July 1, 2013

    5,261,145     $ 2.84       4.0     $ 168,750  

Granted

    67,725       1.51                  

Exercised

    -       -                  

Forfeited

    (200,000 )     3.00                  

Expired

    -       -                  

Outstanding at December 31, 2013

    5,128,870     $ 2.82       3.5     $ -  

Exercisable at December 31, 2013

    5,003,870     $ 2.83       3.5     $ -  
Schedule of Nonvested Share Activity [Table Text Block]
   

Options

   

Weighted Average

Grant-Date Fair

Value

 

Nonvested at July 1, 2013

    325,000     $ 1.86  

Granted

    67,725       0.51  

Vested

    (67,725 )     (0.51 )

Forfeited

    (200,000 )     (2.10 )

Nonvested at December 31, 2013

    125,000     $ 1.49  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
   

Three months

ended

December 31,

2013

   

Three months

ended

December 31,

2012

   

Six months

ended

December 31,

2013

   

Six months

ended

December 31,

2012

 

General and administrative:

                               

Fair value of stock/warrant bonuses expensed

  $ -     $ -     $ -     $ 1,151,250  

Fair value of stock issued to an employee

    24,999       24,999       94,998       49,998  

Change in fair value from modification of option terms

    -       -       307,638       -  

Fair value of stock options (credited)/expensed

    (155,728 )     104,732       (87,517 )     335,085  

Total

  $ (130,729 )   $ 129,731     $ 315,119     $ 1,536,333  
                                 

Research and development:

                               

Fair value of stock options (credited)/expensed

  $ (153,587 )   $ 9,323     $ (135,939 )   $ 18,025  

Total

  $ (153,587 )   $ 9,323     $ (135,939 )   $ 18,025