SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Dec. 31, 2015

SHARE-BASED COMPENSATION

Schedule of information about options

	2015		2014
Number of options granted	30,000		101,106
Compensation expense recognized	$	189,000	$	247,000
Weighted average grant-date fair value of options outstanding	$	5.67	$	7.02

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

	2015		2014
Risk-free interest rate	1.74	%	0.05-0.12	%
Dividend yield	0	%	0	%
Volatility factor	109	%	65-216	%
Expected life (years)	2.88		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	30,000		1.18
Exercised	—		—
Forfeited	(6,675	)	1.16
Expired	(247,142	)	13.68
Options outstanding at December 31, 2015	958,137		$	5.67	$	92,242	3.67
Options exercisable at December 31, 2015	692,848		$	7.29	$	46,127	3.44

Schedule of stock options outstanding and exercisable

Options outstanding and exercisable as of December 31, 2015

Exercise Price		Outstanding Number of Shares	Remaining Life	Exercisable Number of Shares
$	1.92-4.00	6,250	Less than1 year	6,250
$	1.92-4.00	86,355	2 years	67,570
$	1.92-4.00	212,390	4 years	182,390
$	1.92-4.00	398,954	5 years	184,481
$	4.01-10.00	102,063	1 year	102,063
$	4.01-10.00	10,875	2 years	10,875
$	4.01-10.00	5,562	3 years	3,531
$	4.01-10.00	22,000	4 years	22,000
$	10.01-20.00	1,875	1 year	1,875
$	10.01-20.00	11,250	4 years	11,250
$	10.01-20.00	17,500	5 years	17,500
$	20.01-30.00	1,250	1 year	1,250
$	20.01-30.00	31,000	5 years	31,000
$	30.01-40.00	21,250	Less than 1 year	21,250
$	30.01-40.00	3,750	5 years	3,750
$	20.01-40.00	25,813	5 years	25,813
		958,137		692,848