| (Mark One)                                                                                                                                                           |   |                                                 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------|
| x                                                                                                                                                                    |   | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE |
|                                                                                                                                                                 |   | SECURITIES EXCHANGE ACT OF 1934                      |
| For the fiscal year ended June 30, 2009                                                                                                                              |
| o                                                                                                                                                                    |   | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE   |
|                                                                                                                                                                 |   | SECURITIES EXCHANGE ACT OF 1934                      |
| For the transition period from                      to |

| Massachusetts(State or other jurisdiction ofincorporation or organization)       | 04-2837126(I.R.S. Employer Identification No.) |
|----------------------------------------------------------------------------------|------------------------------------------------|
| 600 Research Drive, Wilmington, MA (Address of principal executive offices) | 01887(Zip Code)                                |

----

----

| Item 10. | Directors, Executive Officers and Corporate Governance |
|----------|--------------------------------------------------------|

| Name               |   | Age |   | Position                                                     |
|--------------------|--------|-----|--------|--------------------------------------------------------------|
| Glenn D. Bolduc    |   | 57  |   | Chairman of the Board, President and Chief Executive Officer |
| Brenda Baron       |   | 47  |   | Vice President, Manufacturing                                |
| Roger P. Deschenes |   | 51  |   | Vice President, Finance                                      |
| Todd A. Silvestri  |   | 43  |   | Vice President, Product Development                          |
| Jeffrey T. Tehan   |   | 48  |   | Vice President,  Marketing and Sales               |
| John Keating       |   | 56  |   | Director                                                     |
| Joseph E. Levangie |   | 64  |   | Director                                                     |
| Robert Liscouski   |   | 55  |   | Director                                                     |
| Howard Safir       |   | 68  |   | Director                                                     |
| Michael Turmelle   |   | 50  |   | Director                                                     |

----

----

----

| ·   | appointing, approving the compensation of, and assessing the independence of the Company’s independent auditors; |
|--------------------|------------------------------------------------------------------------------------------------------------------------|

| ·   | overseeing the work of the Company’s independent auditors, including through the receipt and consideration of certain reports from the independent auditors; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | reviewing and discussing with management and the independent auditors the Company’s annual and quarterly financial statements and related disclosures; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | coordinating the Board of Director’s oversight of the Company’s internal control over financial reporting, disclosure controls and procedures and code of conduct and ethics; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | establishing procedures for the receipt and retention of accounting related complaints and concerns; |
|--------------------|------------------------------------------------------------------------------------------------------|

| ·   | meeting independently with the Company’s internal auditing staff, independent auditors and management; and |
|--------------------|------------------------------------------------------------------------------------------------------------------|

| ·   | preparing the audit committee report required by SEC rules. |
|--------------------|-------------------------------------------------------------|

----

| Item 11. | Executive Compensation |
|----------|------------------------|

| Name and Principal Position                                |   | Fiscal Year |   | Salary($) |    |   | Bonus($) |   |    | Option Awards($) (1) |   |   | All Other Compensation($) (2) |   |   | Total($) |   |
|------------------------------------------------------------|--------|-------------|--------|-----------|---------|--------|----------|--------|---------|----------------------|--------|--------|-------------------------------|--------|--------|----------|--------|
| Named Executive Officers                                   |   |        |   |      |    |   |     |   |    |                 |   |   |                          |   |   |     |   |
| Glenn D. Bolduc (3)                                        |   | 2009        |   | $         | 219,231 |   |     | $      | 136,250 |                 |   | $      | 42,210                        |   |   | $        | 9,792  |   |   | $ | 407,483 |   |
| Chairman, President, Chief Executive and Financial Officer |   | 2008        |   | $         | -       |   |     | $      | -       |                 |   | $      | -                             |   |   | $        | -      |   |   | $ | - |   |
|                                                       |   |        |   |      |    |   |     |   |    |                 |   |   |                          |   |   |     |   |   |   |   |   |   |
| Jeffrey T. Tehan, (4)                                      |   | 2009        |   | $         | 135,192 |   |     | $      | 82,500  |                 |   | $      | 10,504                        |   |   | $        | 1,192  |   |   | $ | 229,389 |   |
| Vice President Marketing  and Sales              |   | 2008        |   | $         | 57,057  |   |     | $      | -       |                 |   | $      | 3,306                         |   |   | $        | 596    |   |   | $ | 60,959 |   |
|                                                       |   |        |   |      |    |   |     |   |    |                 |   |   |                          |   |   |     |   |   |   |   |   |   |
| Todd A. Silvestri (5)                                      |   | 2009        |   | $         | 110,893 |   |     | $      | 62,000  |                 |   | $      | 6,909                         |   |   | $        | 14,489 |   |   | $ | 194,291 |   |
| Vice President, Product Development                        |   | 2008        |   | $         | -       |   |     | $      | -       |                 |   | $      | -                             |   |   | $        | -      |   |   | $ | - |   |
|                                                       |   |        |   |      |    |   |     |   |    |                 |   |   |                          |   |   |     |   |   |   |   |   |   |
| Roger P. Deschenes (6)                                     |   | 2009        |   | $         | 129,615 |   |     | $      | 52,000  |                 |   | $      | 10,189                        |   |   | $        | 571    |   |   | $ | 192,375 |   |
| Vice President, Finance                                    |   | 2008        |   | $         | 10,500  |   |     | $      | -       |                 |   | $      | -                             |   |   | $        | 75     |   |   | $ | 10,575 |   |
|                                                       |   |        |   |      |    |   |     |   |    |                 |   |   |                          |   |   |     |   |   |   |   |   |   |
| Former Executive Officer                                   |   |        |   |      |    |   |     |   |    |                 |   |   |                          |   |   |     |   |   |   |   |   |   |
| Phillip C. Thomas (7)                                      |   | 2009        |   | $         | 147,338 |   |     | $      | 59,900  |                 |   | $      | 185,603                       |   |   | $        | 28,936 |   |   | $ | 421,777 |   |
| President, Chief Executive Officer and Chairman            |   | 2008        |   | $         | 257,885 |   |     | $      | 50,000  |                 |   | $      | -                             |   |   | $        | 58,444 |   |   | $ | 366,329 |   |

| (1)   | The amount reported in this column for the Named Executive Officer represents the dollar amount recognized for financial statement reporting purposes in fiscal 2008, determined in accordance with Statement of Financial Accounting Standards (“SFAS”) No. 123R, “Share-Based Compensation.”  SeeNote 2 of Notes to Consolidated Financial Statements set forth in our Annual Report on Form 10-K for fiscal year 2008 for the assumptions used in determining the value of such awards. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (2)   | All other compensation includes, but is not limited to, premiums paid by the Company for disability and group term life insurance for all named executive officers and a former executive officer, as noted in the table: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                     |   | Disability and Group Term Life Insurance Premiums |      |   | Vehicle Allowance |   |    | Moving Allowance |   |   | Accrued Vacation |   |   | Legal Fees |    |   | Total  |   |
|--------------------------|--------|---------------------------------------------------|-----------|--------|-------------------|--------|---------|------------------|--------|--------|------------------|--------|--------|------------|---------|--------|--------|--------|
|                     |   |                                              |      |   |              |   |    |             |   |   |             |   |   |       |    |   |   |   |
| Fiscal Year 2009         |   |                                              |      |   |              |   |    |             |   |   |             |   |   |       |    |   |   |   |
| Named Executive Officers |   |                                              |      |   |              |   |    |             |   |   |             |   |   |       |    |   |   |   |
| Glenn D. Bolduc          |   | $                                                 | 1,428     |   |              | $      | 3,600   |             |   | $      | -                |   |   | $          | -       |   |   | $      | 4,764 |   |   | $ | 9,792 |   |
| Jeffrey T. Tehan         |   |                                              | 1,192     |   |              |   | -       |             |   |   | -                |   |   |       | -       |   |   |   | - |   |   |   | 1,192 |   |
| Todd A. Silvestri        |   |                                              | 994       |   |              |   | -       |             |   |   | 13,495           |   |   |       | -       |   |   |   | - |   |   |   | 14,489 |   |
| Roger P. Deschenes       |   |                                              | 571       |   |              |   | -       |             |   |   | -                |   |   |       | -       |   |   |   | - |   |   |   | 571 |   |
|                     |   |                                              |      |   |              |   |    |             |   |   |             |   |   |       |    |   |   |   |   |   |   |   |   |   |
| Former Executive Officer |   |                                              |      |   |              |   |    |             |   |   |             |   |   |       |    |   |   |   |   |   |   |   |   |   |
| Phillip C. Thomas        |   |                                              | 622       |   |              |   | 3,600   |             |   |   | -                |   |   |       | 24,714  |   |   |   | - |   |   |   | 28,936 |   |
|                     |   |                                              |      |   |              |   |    |             |   |   |             |   |   |       |    |   |   |   |   |   |   |   |   |   |
| Fiscal Year 2008         |   |                                              |      |   |              |   |    |             |   |   |             |   |   |       |    |   |   |   |   |   |   |   |   |   |
| Named Executive Officer  |   |                                              |      |   |              |   |    |             |   |   |             |   |   |       |    |   |   |   |   |   |   |   |   |   |
| Jeffrey T. Tehan         |   |                                              |  596 |   |              |   |  - |             |   |   |  -          |   |   |       |  - |   |   |   |  - |   |   |   |  596 |   |
|                     |   |                                              |      |   |              |   |    |             |   |   |             |   |   |       |    |   |   |   |   |   |   |   |   |   |
| Former Executive Officer |   |                                              |      |   |              |   |    |             |   |   |             |   |   |       |    |   |   |   |   |   |   |   |   |   |
| Phillip C. Thomas        |   |                                              | 1,244     |   |              |   | 7,200   |             |   |   | 50,000           |   |   |       | -       |   |   |   | - |   |   |   | 58,444 |   |

| (3)   | The Company’s Board of Directors named Mr. Glenn D. Bolduc Chief Financial Officer on July 8, 2008.  On January 1, 2009, the Company’s Board of Director’s promoted Mr. Bolduc to the position of President, Chief Executive Officer and Chief Financial Officer.  Mr. Bolduc and the Company entered into a three-year employmentagreement with Mr. Bolduc pursuant to which Mr. Bolduc receives a base salary of $275,000, as further described below in the Employment Agreements; Change in Control and Severance Provisions section. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | Mr. Jeffrey T. Tehan was promoted to Vice President, Product Marketing in August 2008 and Vice President, Marketing and Sales on January 5, 2009. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)   | Mr. Todd A. Silvestri joined the Company on September 8, 2008. |
|-----------------|----------------------------------------------------------------|

| (6)   | Mr. Roger P. Deschenes was promoted to Vice President, Finance on January 5, 2009. |
|-----------------|------------------------------------------------------------------------------------|

| (7)   | Mr. Phillip C. Thomas resigned from the positions of President, Chief Executive Officer and Chairman of the Board, effective December 31, 2008. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | conviction or entry of nolo contender to any felony or a crime involving moral turpitude, fraud or embezzlement of Company property; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------|

| ·   | dishonesty, gross negligence or gross misconduct that s materially injurious to the Company or material breach of his or her duties, which has not been cured by named executive within 10 days (or longer period as is reasonably required to cure such breach, negligence or misconduct) after she shall have received written notice from the Company stating withreasonable specificity the nature of such breach; and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | illegal use or abuse of drugs, alcohol, or other related substances that is materially injurious to the Company. |
|--------------------|------------------------------------------------------------------------------------------------------------------|

----

| Named Executive Officer |   | Base Salary Continuation |    |   | COBRA Premiums (1) |   |   | Life Insurance Premiums (2) |   |   | Other |   |
|-------------------------|--------|--------------------------|---------|--------|--------------------|--------|--------|-----------------------------|--------|--------|-------|--------|
| Glenn D. Bolduc         |   | $                        | 275,000 |   |               | $      | 11,910 |                        |   | $      | 1,428 |   |   | $ | - |   |
| Todd A. Silvestri       |   |                     | 70,000  |   |               |   | 8,987  |                        |   |   | 1,200 |   |   |   |   |   |

| (1)   | Represents estimated out-of-pocket COBRA health insurance premium expenses to be paid by the Company on behalf of the Named Executive Officers after termination.   Estimated out-of-pocket COBRA health insurance premium incurred by Mr. Bolduc over the 12 month period following termination to be reimbursed by the Company and the estimatedout-of-pocket COBRA health insurance premium expenses incurred by Mr. Silvestri over the 6 month period following termination to be reimbursed by the Company. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Represents estimated life insurance premiums to be paid by the Company on behalf of the Named Executive Officers after termination.  The Company shall continue in full force and effect, at its expense, the life insurance benefits provided in Mr. Bolduc’s Employment Agreement for a period of 12 months after termination of Mr. Bolduc’semployment or until Mr. Bolduc becomes employed, whichever occurs first.  The Company shall continue in full force and effect, at its expense, life insurance benefits provided in Mr. Silvestri’s offer letter, dated September 4, 2008, for a period of 6 months after termination of Mr. Silvestri’s employment, should Mr. Silvestri’s employment be terminated by the Company for reasons other than cause during the first 24 months of service. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Named Executive Officers |   | Number of Securities Underlying Unexercised Options Exercisable |   |   | Number of Securities Underlying Unexercised Options Unexercisable |   |      | Option Exercise Price ($) |   | Option Expiration Date |
|--------------------------|--------|-----------------------------------------------------------------|--------|--------|-------------------------------------------------------------------|--------|-----------|---------------------------|--------|------------------------|
| Glenn D. Bolduc          |   |                                                            | 9,780  |   |                                                              |   | 60,220    |                      |   | $                      | 0.20 |   | 12/30/2018 |
|                     |   |                                                            | -      |   |                                                              |   | 100,000   |                      |   | $                      | 0.20 |   | 12/30/2018 |
|                     |   |                                                            | -      |   |                                                              |   | 680,000   |                      |   | $                      | 0.17 |   | 02/05/2019 |
|                     |   |                                                            | 9,780  |   |                                                              |   | 840,220   |                      |   |                   |   |   |   |
|                     |   |                                                            |   |   |                                                              |   |      |                      |   |                   |   |   |   |
| Jeffrey T. Tehan         |   |                                                            | 7,166  |   |                                                              |   | 22,834    |                      |   | $                      | 0.20 |   | 12/30/2013 |
|                     |   |                                                            | -      |   |                                                              |   | 120,000   |                      |   | $                      | 0.17 |   | 02/05/2014 |
|                     |   |                                                            | -      |   |                                                              |   | 50,000    |                      |   | $                      | 0.10 |   | 06/30/2014 |
|                     |   |                                                            | 7,166  |   |                                                              |   | 192,834   |                      |   |                   |   |   |   |
|                     |   |                                                            |   |   |                                                              |   |      |                      |   |                   |   |   |   |
| Todd A. Silvestri        |   |                                                            | 2,602  |   |                                                              |   | 22,398    |                      |   | $                      | 0.20 |   | 12/30/2013 |
|                     |   |                                                            | -      |   |                                                              |   | 75,000    |                      |   | $                      | 0.17 |   | 02/15/2014 |
|                     |   |                                                            | -      |   |                                                              |   | 50,000    |                      |   | $                      | 0.10 |   | 06/30/2014 |
|                     |   |                                                            | 2,602  |   |                                                              |   | 147,398   |                      |   |                   |   |   |   |
|                     |   |                                                            |   |   |                                                              |   |      |                      |   |                   |   |   |   |
| Roger P. Deschenes       |   |                                                            | 4,196  |   |                                                              |   | 20,804    |                      |   | $                      | 0.20 |   | 12/30/2013 |
|                     |   |                                                            | -      |   |                                                              |   | 75,000    |                      |   | $                      | 0.17 |   | 02/05/2019 |
|                     |   |                                                            | -      |   |                                                              |   | 100,000   |                      |   | $                      | 0.10 |   | 06/30/2019 |
|                     |   |                                                            | 4,196  |   |                                                              |   | 195,804   |                      |   |                   |   |   |   |
|                     |   |                                                            | 23,744 |   |                                                              |   | 1,376,256 |                      |   |                   |   |   |   |

----

| Name                                  |   | Fees Earned or Paid in Cash($) |   |   | Option Awards($) (1) |   |   | All Other Compensation($) |   |   | Total($) |   |
|---------------------------------------|--------|--------------------------------|--------|--------|----------------------|--------|--------|---------------------------|--------|--------|----------|--------|
| David Eisenhaure   (2) |   | $                              | 13,750 |   |                 | $      | 9,125  |                      |   | $      | -        |   |   | $ | 22,875 |   |
| John Keating                          |   |                           | 1,000  |   |                 |   | 182    |                      |   |   | -        |   |   |   | 1,182 |   |
| Joseph E. Levangie                    |   |                           | 28,650 |   |                 |   | 29,200 |                      |   |   | -        |   |   |   | 57,850 |   |
| Robert Liscouski                      |   |                           | 1,000  |   |                 |   | 182    |                      |   |   | -        |   |   |   | 1,182 |   |
| Howard Safir                          |   |                           | 1,750  |   |                 |   | 182    |                      |   |   | -        |   |   |   | 1,932 |   |
| Michael Szycher   (2)  |   |                           | 10,750 |   |                 |   | 6,400  |                      |   |   | -        |   |   |   | 17,150 |   |
| Michael Turmelle                      |   |                           | 27,350 |   |                 |   | 30,000 |                      |   |   | -        |   |   |   | 57,350 |   |

| (1)   | The amount reported in this column for the non-employee director represents the dollar amount recognized for financial statement reporting purposes in fiscal 2008, determined in accordance with Statement of Financial Accounting Standards (“SFAS”) No. 123R, “Share-Based Compensation.”  SeeNote 2 of Notes to Consolidated Financial Statements set forth in the Company’s Annual Report on Form 10-K for fiscal year 2008 for the assumptions used in determining the value of such awards. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Mr. Eisenhaure and Mr. Szycher resigned from the Board of Directors, effective December 31, 2008. |
|-----------------|---------------------------------------------------------------------------------------------------|

----

| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters |
|----------|------------------------------------------------------------------------------------------------|

|                                                             |   | Amount and Nature       |      |   | Percentage   |   |
|------------------------------------------------------------------|--------|-------------------------|-----------|--------|--------------|--------|
| Name and Address of Beneficial Owner (1)                         |   | of Beneficial Ownership |      |   | of Class (2) |   |
| Executive Officers and Directors                                 |   |                    |      |   |         |   |
| Glenn D. Bolduc (3)                                              |   |                    | 9,780     |   |         |   | * |   |
| Roger P. Deschenes (4)                                           |   |                    | 4,196     |   |         |   | * |   |
| Todd A. Silvestri (5)                                            |   |                    | 2,602     |   |         |   | * |   |
| Jeffrey T. Tehan (6)                                             |   |                    | 7,166     |   |         |   | * |   |
| John Keating                                                     |   |                    | -         |   |         |   | * |   |
| Joseph E. Levangie (7)                                           |   |                    | 230,000   |   |         |   | 1.5 | % |
| Robert Liscouski                                                 |   |                    | -         |   |         |   | * |   |
| Howard Safir                                                     |   |                    | -         |   |         |   | * |   |
| Michael Turmelle (8)                                             |   |                    | 240,000   |   |         |   | 1.5 | % |
|                                                             |   |                    |      |   |         |   |   |   |
| Other 5% Shareholders                                            |   |                    |      |   |         |   |   |   |
| Robert J. Ferran                                                 |   |                    | 1,559,600 |   |         |   | 10.1 | % |
| Valens Offshore SPV I LTD (9)                                    |   |                    | 782,334   |   |         |   | 5.1 | % |
|                                                             |   |                    |      |   |         |   |   |   |
| All Executive Officers and Directors as a group (9 persons) (10) |   |                    | 493,744   |   |         |   | 3.1 | % |

| (1)   | Unless otherwise indicated, the business address of the stockholders named in the table above is Implant Sciences Corporation, 600 Research Drive, Wilmington, MA 01887. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Based on 15,424,195 outstanding shares as of September 30, 2009. |
|-----------------|------------------------------------------------------------------|

| (3)   | Includes 9,780 shares of common stock, which may be purchased within sixty (60) days of September 30, 2009 upon the exercise of stock options. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | Includes 4,196 shares of common stock, which may be purchased within sixty (60) days of September 30, 2009 upon the exercise of stock options. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)   | Includes 2,602 shares of common stock, which may be purchased within sixty (60) days of September 30, 2009 upon the exercise of stock options. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (6)   | Includes 7,166 shares of common stock, which may be purchased within sixty (60) days of September 30, 2009 upon the exercise of stock options. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| (7)   | Includes 230,000 shares of common stock, which may be purchased within sixty (60) days of September 30, 2009 upon the exercise of stock options. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (8)   | Includes 240,000 shares of common stock, which may be purchased within sixty (60) days of September 30, 2008 upon the exercise of stock options. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (9)   | Valens Offshore SPV I Ltd, an affiliate of Laurus Master Fund, Ltd, 335 Madison Avenue, 10th Floor, New York, New York.  Common shares issued in settlement of the Company’s Series D Preferred Stock redemption. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (10)   | See footnotes (3) through (8). |
|------------------|--------------------------------|

| Item 13. | Certain Relationships and Related Transactions, and Director Independence |
|----------|---------------------------------------------------------------------------|

|  Director   |   |  Audit |   |  Compensation |   | Nominating/CorporateGovernance |
|------------------|--------|-------------|--------|--------------------|--------|--------------------------------|
| John Keating     |   |        |   |               |   |                           |
| Joseph Levangie  |   | Chairman    |   | X                  |   | X                              |
| Robert Liscouski |   |        |   |               |   | X                              |
| Howard Safir     |   |        |   | X                  |   |                           |
| Michael Turmelle |   | X           |   | Chairman           |   | Chairman                       |

----

| Item 14. | Principal Accounting Fees and Services |
|----------|----------------------------------------|

The following is a summary of the fees billed to the Company by UHY LLP, our independent registered public accounting firm, for professional services rendered for the fiscal years ended June 30, 2009 and 2008.  The Audit Committee considered and discussed with UHY LLP the provisionof non-audit services to the Company and the compatibility of providing such services with maintaining its independence as the Company’s auditor. 

| Fee Category       |   | Years Ended June 30, |    |
|--------------------|--------|----------------------|---------|
|               |   | 2009                 |    |   | 2008 |   |
| Audit fees         |   | $                    | 281,000 |   |   | $ | 359,000 |   |
| Audit-related fees |   |                 | 8,000   |   |   |   | 11,000 |   |
| Tax fees           |   |                 | -       |   |   |   | - |   |
| All other fees     |   |                 | 1,000   |   |   |   | 16,000 |   |
| Total fees         |   | $                    | 290,000 |   |   | $ | 386,000 |   |

----

IGNATURES 

| Dated: October 28, 2009 | Implant Sciences Corporation |
|-------------------------|------------------------------|
|                    | By:                          | /s Glenn D. Bolduc |
|                    |                         | Glenn D. BolducPresident, Chief Executive Officer andChief Financial Officer |

| Dated: October 28, 2009 |                                                                                                                                                                    | /s/ Glenn D. Bolduc    |   |
|-------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|--------|
|                    | Glenn D. BolducPresident, Chief Executive Officer andChief Financial Officer(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) |                   |
| Dated: October 28, 2009 |                                                                                                                                                                    | /s/ Joseph E. Levangie |   |
|                    | Joseph E. LevangieDirector                                                                                                                                              |                   |
| Dated: October 28, 2009 |                                                                                                                                                                    | /s/ Michael Turmelle   |   |
|                    | Michael TurmelleDirector                                                                                                                                                |                   |
| Dated: October 28, 2009 |                                                                                                                                                                    | /s/ Robert Liscouski   |   |
|                    | Robert LiscouskiDirector                                                                                                                                                |                   |
| Dated: October 28, 2009 |                                                                                                                                                                    | /s/ Howard Safir       |   |
|                    | Howard SafirDirector                                                                                                                                                    |                   |
| Dated: October 28, 2009 |                                                                                                                                                                    | /s/ John Keating       |   |
|                    | John KeatingDirector                                                                                                                                                    |                   |

----