• Filing Date: 2013-09-27
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
10. STOCKHOLDERS EQUITY (Details Narrative) (USD $)
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Stock based compensation $ 625,031 $ 892,301 $ 756,597
Unrecognized compensation cost related to unvested options 1,113,107    
Period for recognition 1 year 4 months 24 days    
Preferred Convertible Class A
     
Series A Conversion Price $ 8.89    
2011 Stock Incentive Plan
     
Shares available for grant 2,936,331    
Restricted Stock Units
     
Stock based compensation 114,659    
Stock Options
     
Stock based compensation 379,264 533,445 437,480
Assumptions for fair value of option grants      
Expected volatility 101.00% 103.00% 100.00%
Expected dividends 0.00% 0.00% 0.00%
Expected term 8 years 7 months 6 days 5 years 8 years 8 months 12 days
Risk-free interest rate 1.80% 0.92% 2.90%
Warrants
     
Stock based compensation $ 26,000 $ 41,134