EQUITY TRANSACTIONS

9 Months Ended

Mar. 31, 2013

EQUITY TRANSACTIONS [Abstract]

EQUITY TRANSACTIONS

NOTE 9 - EQUITY TRANSACTIONS

During the three and nine months ended March 31, 2013 and 2012, stock options to purchase shares of the Company's common stock were exercised as follows:

	Three-Months Ended				Nine-Months Ended
	March 31,				March 31,
	2013		2012		2013		2012
	(Unaudited)				(Unaudited)
Options exercised		46,945		65,648		50,445		79,751
Proceeds (in thousands)	$	40	$	43	$	42	$	57
Average price paid per share	$	0.85	$	0.66	$	0.84	$	0.71

As of March 31, 2013, there was $471 thousand of stock option and restricted stock compensation expense related to non-vested awards which is expected to be recognized over a weighted average period of 2.9 years.

On January 7, 2013, the Company announced that its Board of Directors approved a stock repurchase program effective January 3, 2013, authorizing the Company to repurchase in the aggregate up to $3 million of its outstanding common stock over a two-year period. During the three and nine months ended March 31, 2013 and 2012, shares were repurchased as follows:

	Three-Months Ended				Nine-Months Ended
	March 31,				March 31,
	2013		2012		2013		2012
	(Unaudited)				(Unaudited)
Shares repurchased		25,360		-		25,360		-
Cash paid for shares repurchased (in thousands)	$	74	$	-	$	74	$	-
Average price paid per share	$	2.93	$	-	$	2.93	$	-