NOTE 11 - INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Components Of Current (Benefit) Provision For Income Taxes

Components of the Current (Benefit) Provision for Income Taxes

	Years Ended June 30,
	2014			2013
Current:
Federal	$	310,000		$	125,000
State		24,093			71,001
Deferred taxes		(2,682,405	)		(2,473,892	)
	$	(2,348,312	)	$	(2,277,891	)

Reconciliation Of Federal Statutory Income Tax Rate To Company's Effective Tax Rate

Reconciliation of the Federal Statutory Income Tax Rate to the Company's Effective Tax Rate

	Years Ended June 30,
	2014			2013
Taxes at federal statutory rate		34.0	%		34.0	%
State and local income taxes (benefit), net of federal benefit		6.0	%		6.0	%
Permanent differences		(0.9	)%		0.6	%
(Decrease) increase in the valuation allowance and true ups		(68.3	)%		(76.2	)%
Effective income tax rate		(29.2	)%		(35.6	)%

Components Of Company's Deferred Tax Assets And Liabilities

Components of the Company's Deferred Tax Assets and Liabilities

	June 30,
	2014			2013
Deferred tax assets:
Allowance for doubtful accounts	$	6,961,016		$	6,139,291
Non-deductible accruals		65,108			264,062
Net operating carryforwards		54,900,136			58,052,831
Tax credits		5,644,097			5,873,204
Property and equipment and depreciation		195,408			1,070,291
Inventory		130,822			84,136
		67,896,587			71,483,815
Valuation allowance		(62,156,300	)		(68,548,065	)
Total deferred tax assets		5,740,287			2,935,750
Deferred tax liabilities: Inventory		—			—
Capitalized software development costs		(583,990	)		(461,858	)
Total deferred tax liabilities		(583,990	)		(461,858	)
Net deferred tax asset	$	5,156,297		$	2,473,892