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Stockholders' Equity (Tables)
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12 Months Ended |
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Jun. 30, 2012
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| Stockholders' Equity [Abstract] |
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| Warrant activity |
There was no warrant activity during the year ended June 30, 2010. A summary of warrant activity for the two years ended June 30, 2012 follows:
| | | 2012 | | | 2011 | | | | | Number of Shares | | | Weighted- Average Exercise Price Per Share | | | Number of Shares | | | Weighted- Average Exercise Price Per Share | | Balance at June 30 | | | 1,125,000 | | | $ | 2.64 | | | | -- | | | | -- | | Warrants granted | | | -- | | | | -- | | | | 1,125,000 | | | $ | 2.64 | | Warrants canceled | | | -- | | | | -- | | | | -- | | | | -- | | Warrants exercised | | | -- | | | | -- | | | | -- | | | | -- | | Outstanding and exercisable at June 30 | | | 1,125,000 | | | $ | 2.64 | | | | 1,125,000 | | | $ | 2.64 | |
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| Option activity for stock option plans |
We issue new shares of common stock upon exercise of stock options. The following is a summary of option activity for the Company's stock option plans:
| | | Number of Shares | | | Weighted- Average Exercise Price | | | Weighted- Average Remaining Contractual Life | | | Aggregate Intrinsic Value | | Outstanding at June 30, 2011 | | | 1,464,807 | | | $ | 3.75 | | | | | | | | | | | | | | | | | | | | | | | | Granted | | | 125,750 | | | $ | 1.97 | | | | | | | | Forfeited | | | (471,218 | ) | | $ | 2.70 | | | | | | | | Expired | | | (140,130 | ) | | $ | 10.10 | | | | | | | | Exercised | | | -- | | | | | | | | | | | | Outstanding at June 30, 2012 | | | 979,209 | | | $ | 3.11 | | | | 2.2 | | | | -- | | Vested and Expected to Vest at June 30, 2012 | | | 881,943 | | | $ | 3.06 | | | | 2.0 | | | | -- | | Exercisable at June 30, 2012 | | | 499,406 | | | $ | 3.72 | | | | 1.6 | | | | -- | |
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| Stock options outstanding |
The following table summarizes information about stock options outstanding at June 30, 2012:
Range of Exercise Prices | | | Number Outstanding | | | Weighted- Average Remaining Contractual Life | | | Weighted- Average Exercise Price | | | Number Exercisable | | | Weighted- Average Exercise Price | | | $ | 0.86-$1.13 | | | | 7,000 | | | | 4.4 | | | $ | 1.05 | | | | -- | | | | -- | | | $ | 1.88-$2.56 | | | | 530,000 | | | | 2.3 | | | $ | 2.30 | | | | 234,382 | | | $ | 2.39 | | | $ | 2.88-$3.82 | | | | 381,875 | | | | 2.1 | | | $ | 3.00 | | | | 204,690 | | | $ | 3.03 | | | $ | 5.36-$7.00 | | | | 30,834 | | | | 0.6 | | | $ | 5.94 | | | | 30,834 | | | $ | 5.94 | | | $ | 14.32-$20.04 | | | | 29,500 | | | | 1.1 | | | $ | 16.66 | | | | 29,500 | | | $ | 16.66 | | | | | | | | 979,209 | | | | | | | | | | | | 499,406 | | | | | |
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| Non-vested stock options activity |
Non-vested stock option activity for the year ended June 30, 2012 is as follows:
| | | Non-vested Stock Options | | | Weighted-Average Grant Date Fair Value | | Outstanding at June 30, 2011 | | | 903,830 | | | $ | 1.61 | | Granted | | | 125,750 | | | $ | 1.17 | | Vested | | | (277,625 | ) | | $ | 1.59 | | Forfeited | | | (272,152 | ) | | $ | 1.63 | | Outstanding at June 30, 2012 | | | 479,803 | | | $ | 1.50 | |
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| Restricted stock activity granted to employees |
The following is a summary of restricted stock activity granted to employees during the years ended June 30, 2011 and 2012:
| | | 2012 | | | 2011 | | | | | Number of Shares | | | Weighted- Average Grant Date Fair Value | | | Number of Shares | | | Weighted- Average Grant Date Fair Value | | Balance at June 30 | | | 30,000 | | | $ | 2.25 | | | | -- | | | | -- | | Granted | | | 720,000 | | | $ | 1.89 | | | | 30,000 | | | $ | 2.25 | | Vested | | | (10,000 | ) | | $ | 2.25 | | | | -- | | | | -- | | Forfeited | | | (200,000 | ) | | $ | 1.80 | | | | -- | | | | -- | | Outstanding at June 30 | | | 540,000 | | | $ | 1.93 | | | | 30,000 | | | $ | 2.25 | |
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