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Note 14: Subsequent Events
12 Months Ended
Jun. 30, 2011
Subsequent Events  
Subsequent Events [Text Block]

 

 

NOTE 14:  SUBSEQUENT EVENTS

In accordance with ASC Topic 855, Subsequent Events, the Company has evaluated any significant events occurring from the date of these financial statements through the date they were issued. The effects of any such events upon conditions existing as of the balance sheet date have been reflected within the financial statements to the extent that the effects were material. Any significant events occurring after the balance sheet date that do not relate to conditions existing as of that date are disclosed below.

On August 19, 2011, the Company’s Board of Directors declared a quarterly cash dividend of $0.105 per share of common stock, payable on September 28, 2011 to shareholders of record on September 8, 2011.