XML 43 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
2. Stock-Based Compensation (Tables)
 6 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Stock option activity
           Weighted         
       Weighted   Average         
       Average   Remaining   Aggregate   Aggregate 
       Exercise Price   Contractual   Fair   Instrinsic 
   Shares   Per Share   Term (1)   Value (3)   Value (2) 
                     
Outstanding July 1, 2014   823,400   $0.63    3.35   $212,600   $- 
Granted   390,000   $0.50    4.85    69,500    - 
Exercised   -    -    -    -    - 
Forfeited or expired   (9,400)  $1.50    -    (5,800)   - 
Outstanding December 31, 2014   1,204,000   $0.58    3.52   $276,300   $- 
Exercisable December 31, 2014   892,000   $0.61    3.06   $220,900   $- 

 

(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 December 31, 2014, for those awards that have an exercise price currently below the closing price as of December 31, 2014 of $.35.
(3)Aggregate Fair Value is calculated using the Black Scholes option pricing model to estimate fair value of stock-based compensation.