EQUITY TRANSACTIONS

12 Months Ended

Jun. 30, 2012

EQUITY TRANSACTIONS [Abstract]

EQUITY TRANSACTIONS

NOTE 6 - EQUITY TRANSACTIONS

During the years ended June 30, 2012, 2011 and 2010, stock options to purchase shares of the Company's common stock were exercised as follows:

	Year Ended June 30,
	2012		2011		2010
Options Exercised		89,443		62,500		972,874
Proceeds (in thousands)	$	65	$	49	$	1,073
Average exercise price per share	$	0.73	$	0.78	$	1.10

In the second quarter of fiscal 2010, the Company completed a public offering of 577,146 shares, of which 77,146 were sold to cover the over-allotment option, at a price of $9.165 per share (net of underwriting commission).  The net proceeds of $4.8 million from the shares sold by the Company (net of direct offering expenses) was available to be used for general corporate purposes, including expansion of its product offerings, facilities and infrastructure to meet the continued expected growth of the Company.