SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Sep. 30, 2015

SHARE-BASED COMPENSATION

Schedule of information about options

	2015		2014
Number of options granted	-		6,844
Compensation expense recognized	$	92,000	$	135,000
Weighted average grant-date fair value of options outstanding	$	7.23	$	7.16

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

	2015		2014
Risk-free interest rate	-	%	0.05	%
Dividend yield	-	%	0	%
Volatility factor	-	%	216	%
Expected life (years)	-		0.5

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, 2015	1,181,954	$	7.43	$	-	3.39
Granted	-	-
Exercised	-	-
Forfeited	(18,585)	9.55
Expired	(21,456)	16.40
Options outstanding at September 30, 2015	1,141,913	$	7.23	$	-	3.18
Options exercisable at September 30, 2015	721,520	$	10.73	$	-	2.37

Schedule of stock options outstanding and exercisable

Options outstanding and exercisable as of September 30, 2015
Exercise Price		Outstanding Number of Shares	Remaining Life	Exercisable Number of Shares
$	1.92-4.00	112,618	Less than1 year	112,618
$	1.92-4.00	86,355	3 years	67,570
$	1.92-4.00	212,380	4 years	182,389
$	1.92-4.00	368,962	5 years	-
$	4.01-10.00	39,868	Less than1 year	39,868
$	4.01-10.00	112,938	2 years	112,314
$	4.01-10.00	5,562	3 years	3,531
$	4.01-10.00	22,000	5 years	22,000
$	10.01-20.00	1,250	Less than1 year	1,250
$	10.01-20.00	1,875	2 years	1,875
$	10.01-20.00	28,750	5 years	28,750
$	20.01-30.00	16,667	Less than 1 year	16,667
$	20.01-30.00	1,250	1 year	1,250
$	20.01-30.00	31,000	5 years	31,000
$	30.01-40.00	64,625	Less than 1 year	64,625
$	30.01-40.00	25,813	6 years	25,813
$	40.01-50.00	6,250	Less than1 year	6,250
$	40.01-50.00	3,750	5 years	3,750
		1,141,913		721,520