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Commitment and Contingencies
9 Months Ended
Mar. 31, 2013
Loss Contingency  
Contingencies Disclosure

15. Contingencies

 

In addition to the going concern issue reflected in footnote 4 above, The Company’s urgent care operations could be affected by the recently enacted Affordable Care Act. Currently management cannot ascertain the impact that this new law will have on its recently acquired urgent care operations.

 

As discussed previously, the Company has certain stock price guarantees arising from the purchase of AUC (Footnote 7). The guarantee is required to be valued periodically as to its potential for requiring additional common stock issued to meet obligations. Management has not currently reported any additional obligation as of March 31 31, 2013. However, this could change in the future periods and the result could be material.