SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Dec. 31, 2014

SHARE-BASED COMPENSATION

Schedule of information about options

	2014		2013
Number of options granted	101,106		3,359
Compensation expense recognized	$	247,000	$	439,000
Weighted average fair value of options outstanding	$	7.02	$	8.25

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

	2014		2013
Risk-free interest rate	0.05-0.12	%	0.08-0.90	%
Dividend yield	0	%	0	%
Volatility factor	65-216	%	74-95	%
Expected life (years)	0.5		0.50-3.25

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 July 1, 2014	1,441,727		$	8.76	$	8,327	3.14
Granted	101,106		3.25
Exercised	—		—
Forfeited	(474,353	)	3.82
Expired	(174,276	)	11.62
Options outstanding at December 31, 2014	894,204		$	10.20	$	—	3.02
Options exercisable at December 31, 2014	645,449		$	12.66	$	6	2.64

Schedule of stock options outstanding and exercisable

Options outstanding and exercisable as of December 31, 2014
Exercise Price		Outstanding Number of  Shares	Remaining Life	Exercisable  Number of Shares
$	1.92-4.00	121,068	1 year	121,068
$	1.92-4.00	328,469	4 years	117,027
$	4.01-10.00	87,249	1 year	87,249
$	4.01-10.00	122,126	3 years	90,667
$	4.01-10.00	5,562	4 years	750
$	4.01-10.00	30,500	5 years	30,500
$	10.01-20.00	1,250	1 year	1,250
$	10.01-20.00	1,875	2 years	1,250
$	10.01-20.00	28,750	5 years	28,750
$	20.01-30.00	16,667	1 year	16,667
$	20.01-30.00	1,250	2 years	833
$	20.01-30.00	31,625	6 years	31,625
$	30.01-40.00	52,750	1 year	52,750
$	30.01-40.00	26,250	2 years	26,250
$	30.01-40.00	27,563	6 years	27,563
$	40.01-50.00	6,250	1 year	6,250
$	40.01-50.00	5,000	6 years	5,000
		894,204		645,449