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14. RETIREMENT PLANS
12 Months Ended
Jun. 30, 2012
Compensation and Retirement Disclosure [Abstract]  
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 $91,963 and $62,459 for the years ended June 30, 2012 and June 30, 2011, respectively.