DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Summary of Assets and Liabilities Related to Transfer Agency Business

The assets and liabilities related to the transfer agency business are as follows at December 31, 2013:

	As of December 31, 2013
Assets
Receivables	$	19,430
Property and equipment, net	35,777
Total assets held related to discontinued operations	$	55,207
Liabilities
Accrued compensation	$	31,010
Other accrued expenses	81,094
Total liabilities held related to discontinued operations	$	112,104

Summary of Income from Discontinued Operations

The components of income from discontinued operations were as follows for the three and six months ended December 31, 2013 and 2012:

	Three Months Ended December 31,
	2013			2012
Operating revenue	$	226,812		$	356,991
Operating expenses	541,256			374,790
Loss from discontinued operations before income taxes	(314,444		)	(17,799		)
Income tax benefit	(106,911		)	(6,052		)
Loss from discontinued operations, net of tax	$	(207,533	)	$	(11,747	)