WARRANTS

6 Months Ended

Dec. 31, 2015

Warrants [Abstract]

WARRANTS

10. WARRANTS

During the six months ended December 31, 2015, warrants were exercised at $2.6058 per share resulting in the issuance of 11,000 shares of common stock with proceeds of $29 thousand. There were no exercises, issuances or expiration of warrants during the six months ended December 31, 2014. There have been no new warrants issued since January 2013.

Warrant activity for the three and six-month period ended December 31, 2015 was as follows:

	Warrants
Outstanding at June 30, 2015		4,309,000
Issued		-
Exercised		(11,000	)
Expired		-
Outstanding at September 30, 2015		4,298,000
Issued		-
Exercised		-
Expired		-
Outstanding at December 31, 2015		4,298,000