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Commitments and Contingencies (Tables)

6 Months Ended

Dec. 31, 2012

Commitments and Contingencies.

Schedule of future minimum lease commitments under the operating lease

For the twelve months ended December 31,
2013		$	159,011
2014		159,011
2015		159,011
Thereafter		92,756
Total		$	569,789

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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

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