Shareholders' Equity

9 Months Ended

Mar. 31, 2015

Equity [Abstract]

Shareholders' Equity

Note 4. – Shareholders’ Equity

Stock-Based Compensation

For the three months ended March 31, 2015 and 2014, the Company recognized $12 and $9, respectively, in stock based compensation for options issued to employees and directors of the Company. For the nine months ended March 31, 2015 and 2014, the Company recognized $33 and $40, respectively, in stock based compensation for options issued to employees and directors of the Company. The fair value of the share options granted was estimated using the Black-Scholes option pricing model. There were 90,000 and 0 share options granted under the 2005 Equity Incentive Plan during the nine months ended March 31, 2015 and 2014, respectively. There were 0 and 21,000 share options granted under the 2011 Director Stock Option Plan during the nine months ended March 31, 2015 and 2014, respectively.