• Filing Date: 2013-09-27
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
10. STOCKHOLDERS EQUITY (Tables)
12 Months Ended
Jun. 30, 2013
Stockholders Equity Tables  
Outstanding Stock Purchase Warrants
Shares of Common Exercise Price per Latest Termination
Stock Share Date
317,776 $3.00 August 30, 2013
50,000 0.75 January 24, 2014
331,969 3.30 August 12, 2014
50,000 0.60 November 9, 2014
50,000 1.00 November 9, 2014
100,000 1.50 November 9, 2014
575,000 1.00 February 23, 2016
2,000,000 1.00 March 1, 2016
21,000,000 1.00 March 2, 2017
31,988,151 0.01 July 3, 2022
35,488,380 0.01 September 27, 2022
91,951,276    
Option activity
  2013   2012   2011
  Number of Shares Weighted Average Exercise Price   Number of Shares Weighted Average Exercise Price   Number of Shares Weighted Average Exercise Price
Outstanding at                 
 beginning of year     2,181,853  $          3.50       2,231,898  $          4.05          957,374  $        13.20
Granted     1,807,300              0.65            75,000              0.65       1,576,275              0.93
Forfeited        (74,985)              5.20          (90,870)              3.64        (234,951)            10.02
Exercised                   -                 -                        -                 -                        -                 -   
Expired        (62,720)            11.91          (34,175)            33.07          (66,800)            41.14
Outstanding at                 
 end of year     3,851,448              1.99       2,181,853              3.50       2,231,898              4.05
Exercisable at                 
 end of year     1,673,973              3.64       1,323,965              5.10          809,918              9.28
Weighted average                
grant-date fair                
value of options                
granted during                
the year    $          0.56      $          0.47      $          0.77
Outstanding options
    Number of Shares   Weighted Average Exercise Price   Weighted Average Remaining Term in Years   Aggregate Intrinsic Value
Options outstanding at end of                
year       3,851,448    $          1.99                      8.2    $               400
Options vested and exercisable                
at end of year       1,673,973    $          3.64                      6.8    $                    -
Unvested options expected to                
vest       1,976,752    $          0.73                      9.3    $               287
Restricted Stock Units
  2013   2012   2011
Outstanding at beginning of year                      250,000                        500,000                                   -
Granted                      757,500                                   -                        705,000
Forfeited                                 -                                   -                        (21,500)
Vested                    (250,000)                      (250,000)                      (183,500)
Outstanding at end of year                      757,500                        250,000                        500,000