2.4.0.80009 - Disclosure - 2. STOCK-BASED COMPENSATIONtruefalsefalse1falsefalsefalseFrom2012-07-01to2013-06-30http://www.sec.gov/CIK0000098618duration2012-07-01T00:00:002013-06-30T00:00:001true1us-gaap_EquityAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify">The Company has several employee stock
option and officer and director stock option plans that have been approved by the shareholders of the Company. The plans require
that options be granted at a price not less than market on date of grant.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify">The Company uses the Black-Scholes
option pricing model to estimate fair value of stock-based awards.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Assumptions for awards of options granted during
the years ended June 30, 2013 and 2012 were:</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td colspan="7" style="text-align: center; font: 8pt Times New Roman, Times, Serif">Awards Granted in the Years Ended</td></tr>
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: 8pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right">June 30, 2013</td><td style="padding-bottom: 1pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right">June 30, 2012</td><td style="padding-bottom: 1pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 8pt Times New Roman, Times, Serif">
<td style="width: 56%; text-align: left; font: 8pt Times New Roman, Times, Serif">Dividend yield</td><td style="width: 8%; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="width: 12%; text-align: right; font: 8pt Times New Roman, Times, Serif">0</td><td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif">%</td><td style="width: 8%; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="width: 12%; text-align: right; font: 8pt Times New Roman, Times, Serif">0</td><td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif">%</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 8pt Times New Roman, Times, Serif">
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif">Expected volatility</td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">62</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif">%</td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">62</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif">%</td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif">Weighted-average volatility</td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">62</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif">%</td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">62</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif">%</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 8pt Times New Roman, Times, Serif">
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif">Risk-free interest rate</td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">2</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif">%</td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">2</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif">%</td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 8pt Times New Roman, Times, Serif">
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif">Expected life of options (in years)</td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">2.5</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">3.75</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif">Weighted average grant-date Black Scholes calculated fair value</td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">0.20</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">0.31</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; color: Red"></p>
<p style="margin: 0; font: 8pt Times New Roman, Times, Serif">                                                               
<u> </u></p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify">The following table summarizes the
Company’s stock option activity during fiscal year 2013:</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify"></p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify"></p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif"> </td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif"> </td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif">Weighted  Average</td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif"> </td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: 8pt Times New Roman, Times, Serif"> </td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif">Weighted Average</td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif">Remaining</td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif; text-align: center">Aggregate</td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif; text-align: center">Aggregate</td></tr>
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif; text-align: center">Number of</td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif">Exercise Price</td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif">Contractual</td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif; text-align: center">Fair</td><td style="font: bold 8pt Times New Roman, Times, Serif"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif; text-align: center">Instrinsic</td></tr>
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td><td style="font: bold 8pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Shares</td><td style="font: bold 8pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Per Share</td><td style="font: bold 8pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Term (1)</td><td style="font: bold 8pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Value (3)</td><td style="font: bold 8pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="font: bold 8pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Value (2)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 8pt Times New Roman, Times, Serif">
<td style="width: 35%; font: 8pt Times New Roman, Times, Serif">Outstanding July 1, 2012</td><td style="width: 2%; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="width: 9%; text-align: right; font: 8pt Times New Roman, Times, Serif">674,100</td><td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="width: 2%; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif">$</td><td style="width: 9%; text-align: right; font: 8pt Times New Roman, Times, Serif">0.80</td><td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="width: 2%; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="width: 9%; text-align: right; font: 8pt Times New Roman, Times, Serif">4.58</td><td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="width: 2%; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif">$</td><td style="width: 9%; text-align: right; font: 8pt Times New Roman, Times, Serif">217,100</td><td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="width: 2%; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif">$</td><td style="width: 9%; text-align: right; font: 8pt Times New Roman, Times, Serif">—  </td><td style="width: 1%; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif">  Granted</td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">425,000</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">0.50</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">5.00</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">84,800</td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">—  </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif">  Exercised</td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">—  </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">—  </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">—  </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">—  </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif">—  </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 8pt Times New Roman, Times, Serif">
<td style="text-align: left; padding-bottom: 1pt; font: 8pt Times New Roman, Times, Serif">  Forfeited, expired or cancelled</td><td style="padding-bottom: 1pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right">(15,000</td><td style="padding-bottom: 1pt; text-align: left; font: 8pt Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right">1.83</td><td style="padding-bottom: 1pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right">—  </td><td style="padding-bottom: 1pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right">(5,800</td><td style="padding-bottom: 1pt; text-align: left; font: 8pt Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right">—  </td><td style="padding-bottom: 1pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 8pt Times New Roman, Times, Serif">
<td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif">Outstanding June 30, 2013</td><td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">1,084,100</td><td style="padding-bottom: 2.5pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">0.67</td><td style="padding-bottom: 2.5pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">4.18</td><td style="padding-bottom: 2.5pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">296,100</td><td style="padding-bottom: 2.5pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">—  </td><td style="padding-bottom: 2.5pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 8pt Times New Roman, Times, Serif">
<td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif">Exercisable June 30, 2013</td><td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">1,084,100</td><td style="padding-bottom: 2.5pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">0.67</td><td style="padding-bottom: 2.5pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">4.18</td><td style="padding-bottom: 2.5pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">296,100</td><td style="padding-bottom: 2.5pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">—  </td><td style="padding-bottom: 2.5pt; text-align: left; font: 8pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td><td style="text-align: left; font: 8pt Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 20pt; text-align: justify; text-indent: -20pt">(1) Remaining
contractual term presented in years. </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; color: Red"><b></b></p>
<p style="margin: 0; font: 8pt Times New Roman, Times, Serif; text-indent: 0pt">(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 June 30, 2013, for those awards
that have an exercise price currently below the closing price as of June 30, 2013 of $0.44.</p>
<p style="margin: 0; font: 8pt Times New Roman, Times, Serif">(3) Aggregate Fair Value is calculated using the Black Scholes
option pricing model to estimate fair value of stock-based compensation.</p>
<p style="margin: 0; font: 8pt Times New Roman, Times, Serif"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify">The Black Scholes value of the 425,000
options granted during the fiscal year ended June 30, 2013 was $84,800 of which all has been recognized as the options vested immediately
upon grant. As of June 30, 2013, the Company has no unrecognized stock-based compensation expense. Also expensed during fiscal
2013, was $153,800 of Black Scholes value related to the vesting during the year of 571,500 options granted in fiscal 2012.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify">As of June 30, 2013, the Company had
95,100 warrants outstanding with a weighted average exercise price of $2.64. The outstanding warrants expired on July 9, 2013.
The following table summarizes the Company’s warrant activity during the year ended June 30, 2013:</p>
<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 8pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: center; font: 8pt Times New Roman, Times, Serif">Weighted</td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="color: red; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: center; font: 8pt Times New Roman, Times, Serif">Number of</td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: center; font: 8pt Times New Roman, Times, Serif">Average</td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: windowtext 0.5pt solid; font: 8pt Times New Roman, Times, Serif; text-align: center">Shares</td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: windowtext 0.5pt solid; font: 8pt Times New Roman, Times, Serif; text-align: center">Exercise Price</td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td colspan="3" style="font: 8pt Times New Roman, Times, Serif">Warrants Outstanding, June 30, 2012</td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif">150,400</td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif">$</td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif">6.24</td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="font: 8pt Times New Roman, Times, Serif">Granted</td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif">                        -   </td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: center; font: 8pt Times New Roman, Times, Serif">-</td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="font: 8pt Times New Roman, Times, Serif">Exercised</td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif">                        -   </td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: center; font: 8pt Times New Roman, Times, Serif">-</td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="font: 8pt Times New Roman, Times, Serif">Canceled/Expired</td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif">               (55,300)</td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif">12.44</td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td colspan="3" style="font: 8pt Times New Roman, Times, Serif">Warrants Outstanding, June 30, 2013</td>
<td style="border-top: windowtext 0.5pt solid; border-bottom: windowtext 2pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">95,100</td>
<td style="text-align: right; font: 8pt Times New Roman, Times, Serif">$</td>
<td style="border-top: windowtext 0.5pt solid; border-bottom: windowtext 2pt double; font: 8pt Times New Roman, Times, Serif; text-align: right">2.64</td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details.No definition available.false0false2. STOCK-BASED COMPENSATIONUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://alanco.com/role/Stock-BasedCompensation12