BASIS OF PRESENTATION

3 Months Ended

Sep. 30, 2011

1.	BASIS OF PRESENTATION

These unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States for interim financial information. These financial statements are condensed and do not include all disclosures required for annual financial statements. The organization and business of the Company, accounting policies followed by the Company and other information are contained in the notes to the Company's audited consolidated financial statements filed as part of the Company's June 30, 2011 Form 10-K.

In the opinion of the Company's management, these consolidated financial statements reflect all adjustments necessary to present fairly the Company's consolidated financial position at September 30, 2011 and June 30, 2011, and the consolidated results of operations cash flows for the three months ended September 30, 2011 and 2010. The results of operations for the three months ended September 30, 2011 and 2010 are not necessarily indicative of the results to be expected for the entire fiscal year.