EQUITY TRANSACTIONS

12 Months Ended

Jun. 30, 2013

EQUITY TRANSACTIONS [Abstract]

EQUITY TRANSACTIONS

NOTE 6 - EQUITY TRANSACTIONS

During the years ended June 30, 2013, 2012 and 2011, stock options to purchase shares of the Company’s common stock were exercised as follows:

	Year Ended June 30,
	2013		2012		2011
Options Exercised		100,445		89,443		62,500
Proceeds (in thousands)	$	162	$	65	$	49
Average exercise price per share	$	1.62	$	0.73	$	0.78

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 years ended June 30, 2013, 2012 and 2010, shares were repurchased as follows:

	Year Ended June 30,
	2013		2012		2011
Shares repurchased		25,360		-		-
Cash paid for shares repurchased (in thousands)	$	74	$	-	$	-
Average price paid per share	$	2.93	$	-	$	-