EQUITY

3 Months Ended

Sep. 30, 2011

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 8 — EQUITY

Restricted Stock Awards

In August 2011, the Company granted an award of 7,500 restricted stock units to an employee. This award vests annually in three equal installments beginning on the one-year anniversary of the award date. At September 30, 2011, no shares were vested.

Employee Stock Purchase Plan

During the first quarter of fiscal 2012 and 2011, the Company issued 607 and 715, respectively, shares of common stock purchased through the Company’s 2006 employee stock purchase plan.

Common Stock Exercises

During the first quarter of fiscal 2012 and 2011, the Company issued 33,369 and 16,172, respectively, shares of common stock upon exercise of outstanding stock options for proceeds of approximately $31,000 and $14,000, respectively.

Warrant Exercises

During the first quarter of fiscal 2012, the Company issued 70,203 shares of common stock upon exercise of outstanding warrants for proceeds of approximately $138,000. During the first quarter of fiscal 2011, there were no warrants exercised.