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Long-Term Debt

6 Months Ended

Dec. 31, 2011

Debt Disclosure [Abstract]

Long-Term Debt

4. Long-Term Debt

Long-term debt consists of the following:

		December 31,				June 30,
		2011				2011
		(unaudited)
Capital lease obligations		$	463,755			$	84,043
Loan agreement			170,359				169,018
			634,114				253,061
Less current portion			297,980				155,428
		$	336,134			$	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%.

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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