STOCK OPTIONS (Tables)

6 Months Ended

Dec. 31, 2013

STOCK OPTIONS

Schedule of information about options

	2013		2012
Number of options granted	3,359		56,080
Compensation expense recognized	$	439,000	$	2,109,000
Compensation cost capitalized	—		688,000
Weighted average fair value of options outstanding	$	8.25	$	10.08

Schedule of significant assumptions used to compute the fair market values of employee and director stock options granted

	2013		2012
Risk-free interest rate	0.08-0.90	%	0.13-0.45	%
Dividend yield	0	%	0	%
Volatility factor	74-95	%	98-123	%
Expected life (years)	0.5-3.25		0.5-3.25

Summary of employee and director stock options issued and outstanding

	Options		Weighted Average Exercise Price		Aggregate intrinsic value		Weighted average remaining contractual term (years)
Options outstanding at year ended July 1, 2013	1,361,509		13.12		$	52,277	3.26
Granted	3,359		4.77
Exercised	—		—
Forfeited	(76,043	)	19.22
Expired	(24,735	)	23.16
Options outstanding at December 31, 2013	1,264,090		$	12.53	$	129,243	2.55
Options exercisable at December 31, 2013	833,104		$	16.36	$	34,981	2.46

Schedule of stock options outstanding and exercisable

Options outstanding and exercisable as of December 31, 2013
Exercise Price		Outstanding Number of Shares	Remaining Life	Exercisable Number of Shares
$	1.92-5.00	306,828	1 year	150,358
$	1.92-5.00	164,840	4 years	6,250
$	5.01-10.00	141,099	1 year	137,763
$	5.01-10.00	162,944	4 years	62,023
$	5.01-10.00	46,125	7 years	46,125
$	10.01-20.00	106,375	1 year	106,375
$	10.01-20.00	32,500	6 years	30,000
$	20.01-25.00	14,875	1 year	13,208
$	20.01-25.00	17,875	7 years	17,875
$	25.01-30.00	52,500	1 year	52,500
$	25.01-30.00	33,750	7 years	32,500
$	30.01-35.00	26,939	1 year	26,939
$	30.01-35.00	38,125	3 years	38,125
$	30.01-35.00	64,313	8 years	64,313
$	35.01-40.00	22,502	1 year	16,250
$	35.01-40.00	9,375	3 years	9,375
$	40.01-45.00	11,875	1 year	11,875
$	40.01-45.00	11,250	7 years	11,250
		1,264,090		833,104