Quarterly report pursuant to sections 13 or 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

v2.4.0.6
STOCK OPTIONS AND WARRANTS (Tables)
9 Months Ended
Mar. 31, 2013
STOCK OPTIONS AND WARRANTS [Abstract]  
Summary of options
A summary of options for the periods ended March 31, 2013 and 2012 is shown below:
 
                         
   
March 31, 2013
   
March 31, 2012
 
                         
   
Number of Shares
   
Weighted-Average Exercise Price
   
Number of Shares
   
Weighted-Average Exercise Price
 
Outstanding at beginning of period
    4,341,115     $ 0.57       4,797,270     $ 0.57  
Granted
                               
Exercised
                               
Forfeited
    (861,153 )     0.60                  
Expired
    (257,145 )     0.60       (456,155 )   $ 1.05  
Outstanding at end of period
    3,222,817     $ 0.60       4,341,115     $ 0.59  
Exercisable at end of period
    3,222,817               4,341,115          
Available for issuance at end of period
    -               -          
                                 
                                 
Summary of warrants granted, exercised, canceled and outstanding
The following is a summary of warrants granted, exercised, canceled and outstanding involving the grants in the periods ended March 31, 2013 and 2012:
 
   
March 31, 2013
   
March 31, 2012
 
                                 
   
Number of Shares
   
Weighted-Average Exercise Price
   
Number of Shares
   
Weighted-Average Exercise Price
 
                                 
Outstanding at beginning of period
    958,299     $ 0.46       974,920     $ 0.47  
Granted
                    10,714     $ 0.02  
Exercised
                               
Expired
                    (26,351 )   $ 1.02  
Outstanding at end of period
    958,299     $ 0.36       959,283     $ 0.45  
Exercisable at end of period
    958,299               959,283