XML 34 R13.htm IDEA: XBRL DOCUMENT

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2012

Accounting Policies [Abstract]

Schedule of Goodwill [Table Text Block]

For the three months ended September 30, 2012, goodwill activity was as follows:

Balance, July 1, 2012		$	9,158,000
Effect of exchange rate changes			237,000
Balance, September 30, 2012		$	9,395,000

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

The following is a reconciliation of the numerators and denominators of the basic and diluted loss per share computation for the three months ended September 30:

		2012				2011
Numerator:
Net income		$	624,000			$	731,000

Denominator:
Basic weighted-average shares outstanding			12,968,665				14,213,380
Effect of dilutive securities			148,221				266,909
Diluted weighted-average diluted shares			13,116,886				14,480,289
Basic earnings per common share		$	0.05			$	0.05
Diluted earnings per common share		$	0.05			$	0.05

Schedule Of Share Based Payment Award Stock Warrants Valuation Assumptions [Table Text Block]

These common stock purchase warrants do not trade in an active securities market, and as such, the Company estimates the fair value of these warrants using Black-Scholes and the following assumptions:

		September 30,				June 30,
		2012				2012
Annual dividend yield			0.0	%			0.0%
Expected life (years)			1.25				1.5-2.25
Risk-free interest rate			0.18	%			0.25%– 0.33%
Expected volatility			27	%			28% - 91%

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

Liabilities measured at fair value on a recurring basis are summarized as follows:

September 30, 2012		Level 1				Level 2				Level 3				Total
Derivative liability related to fair value of warrants		$	-			$	-			$	100,000			$	100,000

June 30, 2012		Level 1				Level 2				Level 3				Total
Derivative liability related to fair value of warrants		$	-			$	-			$	442,000			$	442,000

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

The following table details the approximate fair value measurements within the fair value hierarchy of the Company’s derivative liabilities using Level 3 Inputs:

Balance as of July 1, 2012		$	442,000
Change in fair value of derivative liabilities			206,000
Repurchase of warrants			(548,000	)
Balance as of September 30, 2012		$	100,000

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References+ Details

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References+ Details