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DISCONTINUED OPERATIONS (Tables)
6 Months Ended
Dec. 31, 2012
Proceeds from the Sale of Assets on Closing Date

the net book value of the assets sold as of the Closing Date, summarized as follows:

 

Inventories

   $ 664,000   

Equipment

     82,000   

Other

     10,000   
  

 

 

 

Total

   $ 756,000   
  

 

 

 
Revenue and Operating results of Astromec

Information regarding revenue and operating results of Astromec included in discontinued operations is as follows:

 

     Three Months Ended December 31,  
     2012      2011  

Revenues

   $ 45,000       $ 890,000   

Income before provision for income taxes

   $ 37,000       $ 37,000   
     Six Months Ended December 31,  
     2012      2011  

Revenues

   $ 92,000       $ 1,875,000   

Income before provision for income taxes

   $ 78,000       $ 137,000   
Assets and Liabilities of Astromec

Information regarding Astromec assets and liabilities included in the accompanying consolidated balance sheets is as follows:

 

     December 31, 2012      June 30, 2012  

Other receivables

   $ 47,000       $ 45,000   

Other assets

   $ 17,000       $  

Accounts payable

   $ 4,000       $ 3,000   

Accrued expenses

   $ 8,000       $ 25,000