4. Long-Term Debt

Long-term debt consists of the following:

	September 30,		June 30,
	2011		2011
	(unaudited)
Capital lease obligations	$	509,424	$	84,043
Loan agreement		220,125		169,018
		729,549		253,061
Less current portion		330,669		155,428
	$	398,880	$	97,633

During July 2011, the Company financed a portion of the premiums for various insurance policies totaling $90,372 due in nine equal monthly installment payments of $10,283 at an interest rate of 5.57%.

During August 2011, the Company entered into a capital lease for network equipment totaling approximately $496,000, due in thirty-six monthly payments of $14,145 through August 2014 at an interest rate of 6.8%.