Annual report pursuant to section 13 and 15(d)

STOCK OPTIONS AND WARRANTS (Details)

v2.4.0.8
STOCK OPTIONS AND WARRANTS (Details) (USD $)
12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Nov. 13, 2007
Nov. 01, 2004
Mar. 04, 2001
Jun. 30, 2013
Stock Options [Member]
Jun. 30, 2012
Stock Options [Member]
Jun. 30, 2009
Stock Options [Member]
Jun. 30, 2008
Stock Options [Member]
Jun. 30, 2007
Stock Options [Member]
Jun. 30, 2006
Stock Options [Member]
Nov. 17, 2009
Stock Options [Member]
Oct. 27, 2008
Stock Options [Member]
Jun. 30, 2013
Stock Options [Member]
Tranche 6 [Member]
Jun. 30, 2013
Stock Options [Member]
Tranche 7 [Member]
Jun. 30, 2013
Stock Options [Member]
Tranche 8 [Member]
Oct. 27, 2008
Stock Options [Member]
Board Members [Member]
Tranche 7 [Member]
Nov. 17, 2009
Stock Options [Member]
Board Members [Member]
Tranche 8 [Member]
Sep. 25, 2007
Stock Options [Member]
Chief Executive Officer [Member]
Jun. 30, 2007
Stock Options [Member]
Board Members, Management Employees and Consultants [Member]
Tranche 6 [Member]
Jun. 30, 2008
Stock Options [Member]
Board Members, Management Employees and Consultants [Member]
Tranche 7 [Member]
Jun. 30, 2009
Stock Options [Member]
Board Members, Management Employees and Consultants [Member]
Tranche 8 [Member]
Jun. 30, 2006
Nonqualified Stock Options [Member]
Aug. 06, 2007
Nonqualified Stock Options [Member]
Chief Executive Officer [Member]
Jun. 30, 2007
Nonqualified Stock Options [Member]
Chief Executive Officer [Member]
Tranche 5 [Member]
Jun. 30, 2013
Nonqualified Stock Options [Member]
Chief Executive Officer [Member]
Tranche 5 [Member]
Apr. 18, 2008
Restricted Common Stock [Member]
Jun. 30, 2008
Restricted Common Stock [Member]
Consultants [Member]
Tranche 7 [Member]
Jun. 30, 2007
Restricted Common Stock [Member]
Board Members, Management Employees and Consultants [Member]
Tranche 6 [Member]
Jun. 30, 2013
Warrants [Member]
Jun. 30, 2012
Warrants [Member]
Jun. 30, 2009
Warrants [Member]
Jun. 30, 2008
Warrants [Member]
Jun. 30, 2007
Warrants [Member]
Jun. 30, 2006
Warrants [Member]
Oct. 27, 2008
Warrants [Member]
Jun. 30, 2008
Warrants [Member]
Consultants [Member]
Tranche 7 [Member]
Jun. 30, 2009
Warrants [Member]
Consultants [Member]
Tranche 8 [Member]
Nov. 17, 2009
Warrants [Member]
Consultants [Member]
Tranche 8 [Member]
Oct. 27, 2008
Warrants [Member]
Board Members, Management Employees and Consultants [Member]
Tranche 7 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                                                                
Number of shares authorized (in shares)     6,000,000 4,000,000 3,000,000                                                                      
Number of shares vested on grant date (in shares)                                 464,102 115,428               484,056                         99,977 240,302
Number of remaining shares vesting after date of grant (in shares)                       566,357 871,000                           148,571                 465,000        
Options, weighted average grant date fair value (in dollars per share)               $ 0.48 $ 0.19 $ 0.32                         $ 0.46                                  
Warrants, weighted average grant date fair value (in dollars per share)                                                               $ 0.48 $ 0.19              
Term of equity-based payment award               5 years 5 years 5 years 5 years                                         5 years 5 years 5 years 5 years          
Shares granted (in shares)                                                       60,000 148,587                      
Fair value assumptions used in estimating fair value of options and warrants [Abstract]                                                                                
Risk-free interest rate (in hundredths) 3.00%                                                                              
Dividend yield (in hundredths) 0.00%                                                                              
Expected volatility (in hundredths) 91.00%                                                                              
Estimated life   5 years                                                                            
Summary of options [Roll Forward]                                                                                
Outstanding at beginning of period (in shares)           4,083,970 4,794,270                                                                  
Granted (in shares)           0 0                         1,074,666 1,335,102 681,785     1,452,167                              
Exercised (in shares)           0 0                                                                  
Forfeited (in shares)           (911,153) 0             110,000 475,938 325,215                                                
Expired (in shares) 503,080         (503,080) (710,300)                                                                  
Outstanding at end of period (in shares)           2,669,737 4,083,970                                                                  
Exercisable at end of period (in shares)           0 4,083,970                                                                  
Available for issuance at end of period (in shares)           0 0                                                                  
Options, weighted-average exercise price [Roll Forward]                                                                                
Outstanding at beginning of year (in dollars per share)           $ 0.58 $ 0.57                       $ 0.74         $ 0.75                                
Granted (in dollars per share)           $ 0 $ 0                                                                  
Exercised (in dollars per share)           $ 0 $ 0                                                                  
Forfeited (in dollars per share)           $ 0 $ 0                                                                  
Expired (in dollars per share)           $ 0 $ 0.82                                                                  
Outstanding at end of year (in dollars per share)           $ 0.60 $ 0.58             $ 0.42 $ 0.20 $ 0.77     $ 0.74         $ 0.75                                
Non-option equity instruments, number of shares [ Roll Forward]                                                                                
Outstanding at beginning of period (in shares)                                                           947,994 974,920                  
Granted (in shares)                                                           0 10,714           705,302 248,564    
Exercised (in shares)                                                           0 0                  
Expired (in shares)                                                           (13,410) (37,640)                  
Outstanding at end of period (in shares)                                                           934,584 947,994                  
Exercisable at end of period (in shares)                                                           934,584 947,994                  
Equity instruments other than options, weighted-average exercise price [Roll Forward]                                                                                
Outstanding at beginning of period (in dollars per share)                                                           $ 0.48 $ 0.47                  
Granted (in dollars per share)                                                           $ 0 $ 0.02                  
Exercised (in dollars per share)                                                           $ 0 $ 0                  
Expired (in dollars per share)                                                           $ 0.67 $ 0.96                  
Outstanding at end of period (in dollars per share)                                                           $ 0.36 $ 0.48