EQUITY TRANSACTIONS (Tables)

12 Months Ended

Jun. 30, 2013

EQUITY TRANSACTIONS [Abstract]

Stock options exercised to purchase common stock

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

Schedule of share repurchases

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	$	-	$	-