XML 30 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
6. Commitments and Contingencies
3 Months Ended
Sep. 30, 2012
Notes  
6. Commitments and Contingencies

6. Commitments and Contingencies

Operating Leases

The Company leases approximately 6,813 square feet of office space in Tempe, Arizona.  The lease expires during June 2015 and requires rental payments of approximately $2,900 per month.

Indemnifications

During the normal course of business, we make certain indemnities and commitments under which we may be required to make payments in relation to certain transactions. These may include: (i) intellectual property indemnities to customers in connection with the use, sales and/or license of products and services; (ii) indemnities to customers in connection with losses incurred while performing services on their premises; (iii) indemnities to vendors and service providers pertaining to claims based on negligence or willful misconduct; and (iv) indemnities involving the representations and warranties in certain contracts. In addition, under our by-laws we are committed to our directors and officers for providing for payments upon the occurrence of certain prescribed events. The majority of these indemnities and commitments do not provide for any limitation on the maximum potential for future payments that we could be obligated to make.