Lease Commitments

12 Months Ended

Jun. 30, 2013

Commitments And Contingencies Disclosure [Abstract]

Note 10. Lease Commitments

The Company has operating leases for computers and equipment that expire between fiscal years 2014 and 2017. Lease expenses totaled $490,942, $572,148, and $610,256 in fiscal years 2013, 2012, and 2011, respectively. Minimum non-cancelable lease payments required under operating leases for the years subsequent to June 30, 2013, are as follows:


Fiscal Year	Amount
2014	$	197,497
2015		163,105
2016		131,940
2017		65,970
2018		-

Total	$	558,512

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References+ Details