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Discontinued Operations (Tables)

9 Months Ended

Mar. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]


	October 1, 2011
ASSETS
Current assets:
Cash and cash equivalents	$	170,572
Accounts receivable, net		77,828
Inventories, net		868,275
Prepaid expenses		54,663
Total current assets		1,171,338
Equipment, net		49,446
Intangible assets, net		836,260
Goodwill		1,633,592

Total assets	$	3,690,636

LIABILITIES
Current liabilities:
Accounts payable	$	695,224
Accrued compensation		24,381
Accrued expenses and interest		38,797
Total liabilities	$	758,402

Components of Discontinued Operations

	For the Period July 1, 2011 to October 1, 2011
Net sales	$	2,626,608
Cost of sales		1,739,277
Gross profit		887,331
Advertising expenses		315,551
Other sales and marketing expenses		376,693
General and administrative expenses		216,117
Depreciation and amortization expenses		5,011
Total operating expenses		913,372
Loss from Operations of Discontinued Operations	$	(26,041	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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