2. STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Sep. 30, 2012

Equity [Abstract]

Stock option activity

				Weighted
			Weighted	Average
			Average	Remaining		Aggregate		Aggregate
			Exercise Price	Contractual		Fair		Instrinsic
		Shares	Per Share	Term (1)		Value		Value
Outstanding July 1, 2012		674,100	$0.80	4.58	$	217,100	$	-
	Granted	-	-	-		-		-
	Exercised	-	-	-		-		-	(3)
	Forfeited or expired	-	-	-		-		-
Outstanding September 30, 2012		674,100	$0.80	4.33	$	217,100	$	-	(2)
Exercisable September 30, 2012		229,600	$0.90	3.94	$	79,400	$	-	(2)
(1)	Remaining contractual term presented in years.
(2)	The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying
	awards and the closing price of the Company's common stock as of September 30, 2012, for those awards that
	have an exercise price below the closing price as of September 30, 2012 of $.57.
(3)	This value is calculated as the difference between the exercise price and the market price of the stock on the
	date of exercise.

Warrant activity

				Weighted
		Number of		Average
		Shares		Exercise Price
Warrants Outstanding, June 30, 2012		150,400	$	6.24
	Granted	-		-
	Exercised	-		-
	Canceled/Expired	(8,600)		4.00
Warrants Outstanding, September 30, 2012		141,800	$	6.38