Note 8 - Commitments and Contingent Liabilities

12 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

(8) Commitments and Contingent Liabilities 

Operating Leases

The Company has two main operating leases. The lease at 2500 Northwinds Parkway is for the Company’s corporate headquarters in Alpharetta, Georgia. The lease commenced in April, 2013 and expires in September, 2018. The lease includes an escalating base rent schedule as well as a seven month rent holiday and a tenant incentive towards leasehold improvements of approximately $0.1 million which are being recognized as a reduction in rent expense on a straight line basis over the term of the lease. The lease at 585 Blackburn Road, Notting Hill, Victoria, Australia was renewed on September 1, 2014 for one year and expires on September 1, 2015.

Future minimum lease payments, in millions, under non-cancellable operating leases (with initial or remaining lease terms in excess of one year) as of June 30, 2014 are:

2015	$	0.6
2016		0.2
2017		0.2
2018		0.1
2019		0.1
Thereafter		0.0
Total minimum lease payments	$	1.2

Rent expense was $0.7 million, $1.1 million and $0.8 million for the fiscal years ended June 30, 2014, 2013 and 2012, respectively. The Company also has operating lease agreements for office copier equipment under standard terms which are included in the minimum lease payment schedule above.