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EQUITY
9 Months Ended
Mar. 31, 2012
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
NOTE 7 — EQUITY
Sale of Common Stock
In March 2012, the Company sold an aggregate of 3,640,000 shares of its common stock at $2.00 per share for gross proceeds of approximately $7.3 million and net proceeds of approximately $6.6 million.
Restricted Stock Awards
During the first nine months of fiscal 2012, the Company issued 602,795 shares of common stock in conjunction with restricted stock units that vested. During the first nine months of fiscal 2011, there were no restricted stock units that vested.
Employee Stock Purchase Plan
During the first nine months of fiscal 2012 and 2011, the Company issued 80,675 and 1,368, respectively, shares of common stock purchased through the Company’s 2006 employee stock purchase plan.
Common Stock Exercises
During the first nine months of fiscal 2012 and 2011, the Company issued 201,689 and 18,541, respectively, shares of common stock upon exercise of outstanding stock options for proceeds of approximately $0.4 million and $18,000, respectively.
Warrant Exercises
During the first nine months 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 nine months of fiscal 2011, there were no warrants exercised.