INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Provision for (Benefit from) Income Taxes

The Company’s provision for (benefit from) income taxes for the years ended June 30, 2012, 2013 and 2014 consists of the following (in thousands):

	Year Ended June 30,
	2012		2013		2014
Current tax expense:
Federal	$	-	$	13	$	-
State		-		10		3
Total current		-		23		3
Deferred tax (benefit) expense:
Federal		136		(174)		(873)
State		(119)		(43)		(204)
Valuation allowance		(17)		217		1,077
Total deferred		-		-		-
Total provision for income taxes	$	-	$	23	$	3

Composition of Deferred Tax Assets (Liabilities)

The composition of the deferred tax assets (liabilities) at June 30, 2012, 2013 and 2014 are listed below:

	2012		2013		2014
Accrued liabilities	$	250,000	$	278,000	$	208,000
Allowance for doubtful accounts		141,000		140,000		97,000
Other		15,000		6,000		7,000
Total current deferred tax assets		406,000		424,000		312,000
Property and equipment		915,000		471,000		979,000
Goodwill and other intangibles		1,268,000		863,000		573,000
State net operating loss carry forward		6,115,000		6,769,000		7,929,000
Other		370,000		764,000		575,000
Valuation allowance		(9,074,000)		(9,291,000)		(10,368,000)
Total non-current deferred tax liabilities		(406,000)		(424,000)		(312,000)
Net deferred tax liability	$	-	$	-	$	-

U.S. Statutory Income Taxes Rate Reconciliation

The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. Statutory income taxes rates to income before taxes as a result of the following differences:

	Year Ended June 30,
	2012		2013		2014
Federal tax computed at statutory rate	34	%	34	%	34	%
State taxes, net of federal benefit and net operating loss limitation	6	%	(17)	%	7	%
Permanent difference	(25)	%	0	%	0	%
Excess tax benefit for goodwill	(11)	%	3	%	0	%
Valuation allowance	(8)	%	(21)	%	(41)	%
Other (meals and entertainment)	4	%	(1)	%	0	%
Tax provision	0	%	(2)	%	0	%