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Lease Commitments (Tables) | 12 Months Ended
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Jun. 30, 2013
Lease Commitments Tables |
Schedule of future minimum lease payments under capital and operating leases | The approximate future minimum lease payments under capital and operating leases at June 30, 2013 were as follows:
Fiscal year ending June 30, |  | Capital Lease |  |  | Operating Lease
2014 |  | $ | 4,300 |  |  |  | 456,556 |
2015 |  |  | 3,942 |  |  |  | 339,631 |
Total minimum payments |  |  | 8,242 |  |  |  | 796,187 |
Less imputed interest |  |  | (1,338 | ) |  |  |  |
Present value of minimum lease payments |  |  | 6,904 |  |  |  |  |
Less short term portion |  |  | 3,602 |  |  |  |  |
Long term portion |  | $ | 3,302 |  |  |  |  |

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- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. Applicable to both capital leases and operating leases. + References No definition available. + Details
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