DISCONTINUED OPERATIONS

6 Months Ended

Dec. 31, 2012

DISCONTINUED OPERATIONS

NOTE 8. DISCONTINUED OPERATIONS

For a period of time in fiscal year 2012, the Company continued to generate cash flows and reported income statement activity in Loss from discontinued operations, net of taxes, associated with the securities clearing business. The activities that gave rise to these cash flows and income statement activities were transitional in nature. For the three and six months ended December 31, 2012 and 2011, the Company did not generate any revenues or losses from discontinued operations.