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RETIREMENT PLANS
6 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
RETIREMENT PLANS

NOTE 14 - RETIREMENT PLANS

 

All Australian based employees are entitled to varying degrees of benefits on retirement, disability, or death.  The Company contributes to an accumulation fund on behalf of the employees under an award which is legally enforceable.  For U.S. employees, the Company has a 401(k) plan.  All active participants are 100% vested immediately.  Expenses under these plans were $27,324 and $42,780 for the three and six months ended December 31, 2011, respectively.  Expenses under these plans were $12,548 and $22,404 for the three and six months ended December 31, 2010, respectively.