SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2013

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of future amortization of intangible assets

As of June 30, 2013, future amortization of intangible assets is as follows (in thousands):

Year Ending  June 30,
2014	$	49
2015		49
2016		49
2017		48
2018		46
Thereafter		427
	$	668

Schedule of stock option valuation assumptions

The fair value of the Company’s stock options was estimated on the grant date using the Black-Scholes option-pricing model with the following assumptions:

	Year Ended June 30,
	2013			2012			2011
Weighted average risk-free interest rate		0.5	%		0.3	%		0.7	%
Weighted average expected volatility		58	%		66	%		67	%
Weighted average expected life (in years)		4.61			3.89			4.40
Dividend yield		-			-			-