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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Jun. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

Schedule of capital leases and noncancellable operating leases

		Capital				Operating
		Leases				Leases
2013		$	209,534			$	450,368
2014			203,298				368,697
2015			45,122				377,322
2016			-				321,263
Thereafter			-				-
Total minimum lease payments		$	457,954			$	1,517,650
Less amount representing interest			31,947
Present value of net minimum lease payments			426,007
Less current obligations under capital leases			187,715
Obligations under capital leases, less current portion		$	238,292

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for Capital and non cancellable operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

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