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SUBSEQUENT EVENT
6 Months Ended
Dec. 31, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENT

NOTE 16. SUBSEQUENT EVENT

 

On January 27, 2017, the Company entered into an Agreement for Sale and Purchase of Business Assets (the “Sale Agreement”), to sell certain assets of the OMS division as well as the operations of the business, for an amount of $640,000, subject to adjustment based upon the value of the OMS receivables at the date of close. The Sales Agreement is included in the Company’s Current Report on Form 8-K filed with the SEC on January 30, 2017, and the sale of the OMS division is expected to generate a gain on sale of the division in an amount of approximately $0.3 million to be recorded in the third quarter of fiscal 2017. See Note 3 for additional details.