• Filing Date: 2013-09-27
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
5. FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Jun. 30, 2013
Fair value of restricted stock units granted, amortized over 24 month vesting period  
Schedule of assets at fair value
   Carrying Value Quoted prices in
active markets
(Level 1)
Other quoted/observable inputs (Level 2) Significant unobservable inputs
(Level 3)
June 30, 2013:            
Money Market Fund  $     16,284,184  $        16,284,184  $                             -  $                                -
U.S. Government Securities           5,249,654              5,249,160                                 -                                    -
TOTAL  $     21,533,838  $        21,533,344  $                             -  $                                -
         
June 30, 2012:                 
Money Market Fund  $       3,344,146  $          3,344,146  $                             -  $                                -