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DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Sep. 30, 2013
Discontinued Operations And Disposal Groups [Abstract]  
Summary of Assets and Liabilities Related to Transfer Agency Business

The assets and liabilities related to the transfer agency business are as follows at September 30, 2013:

 

     As of
September 30, 2013		  

Assets

   

Receivables

    $ 240,962   

Property and equipment, net

      37,487   
  

 

 

  

Total assets held related to discontinued operations

    $ 278,449   
  

 

 

  

Liabilities

   

Other Accrued expenses

    $ 5,002   

Accrued compensation

      59,646   
  

 

 

  

Total liabilities held related to discontinued operations

    $ 64,648   
  

 

 

  
Summary of Income from Discontinued Operations

The components of income from discontinued operations were as follows for the three months ended September 30, 2013 and 2012:

 

     Three Months Ended September 30,  
     2013     2012  

Operating revenue

    $ 313,592      $ 364,373   

Operating expenses

      356,993        431,402   
  

 

 

    

 

 

  

Loss from discontinued operations before income taxes

      (43,401 )      (67,029 ) 

Income tax benefit

      (14,756 )      (22,790 ) 
  

 

 

    

 

 

  

Loss from discontinued operations, net of tax

    $ (28,645 )    $ (44,239 )