Acquisitions (Tables)

12 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Schedule of purchase price for aqcuistion

The purchase price was allocated to the identifiable intangible assets acquired as of the closing date of December 23, 2011 based on their estimated fair values as follows:

Intellectual Property Contracts $ 4,628

Details of the fair values of assets acquired and liabilities assumed from Trusted Opinion were as follows:

Other Receivable	$	92
Equipment	33
Intellectual Property	80
Capitalized Software	2,350
Goodwill	2,953
	$	5,508

The goodwill recorded in the transaction is deductible for tax purposes.

Deferred Revenue	(484		)
Net assets acquired	$	5,024

The total purchase price for the TIPPT assets is composed of the following:

Cash	$	2,000
Forgiveness Promissory Note	250
Fair Value of Common Stock Warrant	2,378
Total Purchase Price	$	4,628

The total purchase price was composed of the following:

Cash	$	3,185
Fair Value of Common Stock	1,719
Fair Value of Common Stock Guarantee	120
Total Initial Purchase Price	$	5,024