Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2012
Income Taxes [Abstract]  
Reconciliation of federal income tax attributable to operations to income tax expense (benefit)
The reconciliation of federal income tax attributable to operations computed at the federal statutory tax rate of 34% to income tax expense (benefit) is as follows for the years ended June 30:

 
2012
 
 
2011
 
 
2010
 
Statutory federal income tax benefit
 
(1,695,000
)
 
$
(873,000
)
 
$
(1,766,000
)
Net operating loss with no tax benefit
 
1,695,000
 
 
 
873,000
 
 
 
1,766,000
 
    Total federal income tax
 
$
--
 
 
$
--
 
 
$
--
 
Components of Company's deferred tax assets and liabilities for federal and state income taxes
Significant components of the Company's deferred tax assets and liabilities for federal and state income taxes are as follows:
 
 
 
June 30,
 2012
 
 
June 30,
 2011
 
Deferred tax assets:
 
 
 
 
 
Net operating loss carryforwards
$
33,661,000
 
 
$
33,671,000
 
Income tax credits
1,990,000
 
 
 
1,953,000
 
Other
1,917,000
 
 
 
2,146,000
 
 
 
 
 
 
 
Total deferred taxes
37,568,000
 
 
 
37,770,000
 
Valuation allowance
(37,568,000
)
 
 
(37,770,000
)
Net deferred taxes
$
--
 
 
$
--