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Lease Commitments (Tables) | 12 Months Ended
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Jun. 30, 2012
Notes to Financial Statements |
Schedule of Future Minimum Lease Payments | The approximate future minimum lease payments under capital and operating leases at June 30, 2012 were as follows:
Fiscal year ending June 30, |  | Capital Lease |  | Operating Lease
2013 |  |  | 4,300 |  |  |  | 426,224 |
2014 |  |  | 4,300 |  |  |  | 456,556 |
2015 |  |  | 3,942 |  |  |  | 339,631 |
Total Minimum Payments |  |  | 12,542 |  |  |  | 1,222,411 |
Less Imputed Interest |  |  | (2,037) |  |  |  |  |
Present value of minimum lease payments included in long term debt | 10,505 |  |  |  |  |
Less current portion |  |  | 3,602 |  |  |  |  |
Long term portion |  | $ | 6,903 |  |  |  |  |

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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 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717 + Details
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