v2.4.0.6

NOTE 7 - STOCKHOLDERS' EQUITY (Detail) - A summary of option activity for the years ended June 30, 2012 and 2011 is reflected below: (Stock Option [Member], USD $)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Stock Option [Member]
Outstanding at June 30, 20	1,850,000	1,350,000
Outstanding at June 30, 20 (in Dollars per share)	$ 1.50	$ 4.57
Exercisable at June 30, 20	737,500	375,000
Exercisable at June 30, 20 (in Dollars per share)	$ 2.71	$ 4.86
Granted	1,300,000	1,350,000
Granted (in Dollars per share)	$ 0.13	$ 4.57
Expired	(675,000)
Expired (in Dollars per share)	$ 4.40
Forfeited	(125,000)
Forfeited (in Dollars per share)	$ 4.75

The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).

+ References

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The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.

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The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.

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- Definition

The decrease in the number of shares that could be issued attributable to the lapse of rights to exercise previously issued stock options under the terms of the option agreements under the plan during the reporting period.

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The weighted average price at which grantees could have acquired the underlying shares with respect to stock options of the plan that lapsed during the reporting period.

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- Definition

The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan.

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The weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated during the reporting period due to noncompliance with plan terms during the reporting period.

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The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options.

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The weighted average price as of the beginning of the year at which grantees can acquire the shares reserved for issuance under the stock option plan.

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-Number 123R

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The weighted average of per share prices paid for shares purchased on the open market for issuance to employees under the plan.

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