Annual report pursuant to section 13 and 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

v2.4.0.8
STOCK OPTIONS AND WARRANTS (Tables)
12 Months Ended
Jun. 30, 2013
STOCK OPTIONS AND WARRANTS [Abstract]  
Summary of options
A summary of options for the years ended June 30, 2013 and 2012 is shown below:
 
 
 
June 30 2013
 
 
June 30 2012
 
 
 
Number of Shares
 
 
Weighted-Average Exercise
Price
 
 
Number of Shares
 
 
Weighted-Average Exercise
Price
 
Outstanding at beginning of year
 
 
4,083,970
 
 
$
0.58
 
 
 
4,794,270
 
 
$
0.57
 
Granted
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Exercised
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Forfeited
 
 
(911,153
)
 
 
-
 
 
 
-
 
 
 
-
 
Expired
 
 
(503,080
)
 
 
-
 
 
 
(710,300
)
 
 
0.82
 
Outstanding at end of year
 
 
2,669,737
 
 
$
0.60
 
 
 
4,083,970
 
 
$
0.58
 
Exercisable at end of year
 
 
-
 
 
 
 
 
 
 
4,083,970
 
 
 
 
 
Available for issuance at end of year
 
 
-
 
 
 
 
 
 
 
-
 
 
 
 
 
Summary of warrants granted, exercised, canceled and outstanding
Note: Some options expired and some options were forfeited during the year ended June 30, 2013.  The following is a summary of warrants granted, exercised, canceled and outstanding involving the grants in the periods ended June 30, 2013 and 2012.
 
 
 
June 30 2013
 
 
 
 
June 30 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of Shares
 
 
Weighted-Average Exercise
Price
 
 
Number of Shares
 
 
Weighted-Average Exercise
Price
 
 
 
 
 
 
 
 
 
 
Outstanding at beginning of year
 
 
947,994
 
 
$
0.48
 
 
 
974,920
 
 
$
0.47
 
Granted
 
 
-
 
 
 
-
 
 
 
10,714
 
 
 
0.02
 
Exercised
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Expired
 
 
(13,410
)
 
 
0.67
 
 
 
(37,640
)
 
 
0.96
 
Outstanding at end of year
 
 
934,584
 
 
$
0.36
 
 
 
947,994
 
 
$
0.48
 
Exercisable at end of year
 
 
934,584
 
 
 
 
 
 
 
947,994