XML 104 R15.htm IDEA: XBRL DOCUMENT
v2.4.0.8

LONG-TERM DEBT | 12 Months Ended
--- | ---
Jun. 30, 2014
Debt Disclosure [Abstract] |
LONG-TERM DEBT | 8. LONG-TERM DEBT Long-term debt consists of the following:
|  | June 30, |  |  | June 30, |
|  | 2014 |  |  | 2013 |
Capital lease obligations |  | $ | 414,525 |  |  | $ | 345,925 |
Loan agreements |  |  | 8,251 |  |  |  | 23,981 |
|  |  | 422,776 |  |  |  | 369,906 |
Less current portion |  |  | 172,911 |  |  |  | 247,152 |
|  | $ | 249,865 |  |  | $ | 122,754 |
The maturities of long-term debt as of June 30, 2014 are as follows:
2015 |  | $ | 172,911 |
2016 |  |  | 91,003 |
2017 |  |  | 80,251 |
2018 |  |  | 56,282 |
Thereafter |  |  | 22,329 |
|  | $ | 422,776 |
CAPITAL LEASES During July 2009, the Company entered into a capital lease for office equipment totaling $24,836, due in 46 monthly installments of $677. This was satisfied in June 2013. During August 2011, the Company entered into a capital lease for network equipment totaling approximately $496,000, due in 36 monthly payments of $14,145 through August 2014. During April 2012, the Company entered into a capital lease for network equipment totaling approximately $62,000, due in 36 monthly payments of $1,785 through February 2015. During January 2013, the Company entered into a capital lease for network equipment totaling approximately $45,000, due in 37 monthly payments of $1,501 through December 2015. During March 2013, the Company entered into a capital lease for equipment to support customer service totaling approximately $15,000, due in 36 monthly payments of $464 through January 2016. During March 2013, the Company entered into a capital lease for network equipment totaling approximately $24,000, due in three annual installments of $8,686 through April 2015. During April 2013, the Company entered into a capital lease for equipment totaling approximately $32,000, due in twelve quarterly installments of $2,915 through December 2015. During June 2013, the Company entered into a capital lease for office equipment totaling approximately $16,000, due in 48 monthly installments of $456 through June 2017. During July 2013, the Company entered into a capital lease for office equipment totaling approximately $22,000 due in 24 monthly installments of $1,033 through July 2015. In February 2014, the Company entered into a capital lease for network equipment totaling approximately $196,000 due in 48 monthly installments of $4,972 through January 2018. In March 2014, the Company entered into a capital lease for leasehold improvements and office furniture totaling approximately $103,000 due in sixty monthly installments of $2,149 through May 2019. In April 2014, the Company entered into a capital lease for office equipment totaling approximately $4,000 due in 36 monthly installments of $135 through April 2017. LOAN AGREEMENTS During March 2010, the Company financed the purchase of computer equipment totaling $195,000 due in 36 monthly installments at an interest rate of 4.95%. This loan was satisfied in March 2013. During July 2011, the Company financed a portion of the premiums for various insurance policies totaling $90,372 due in nine equal monthly payments at an interest rate of 5.57%. During July 2012, the Company financed a portion of the premiums for various insurance policies totaling $128,062, due in ten monthly payments of $13,103 through May 2013 at an interest rate of 5.02%. During August 2013, the Company financed a portion of the premiums for various insurance policies totaling $101,850, due in nine monthly payments of $11,567 through April 2014 at an interest rate of 5.27%. During November 2011, the Company financed network equipment totaling approximately $46,000, due in twelve equal quarterly installment payments of $4,226 through October 2014 at an interest rate of 6.47%. During June 2012, the Company financed software licenses totaling approximately $212,000, due in four equal quarterly installment payments at an interest rate of 11.09%.

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration