Trade Receivables, Net (Tables)

9 Months Ended

12 Months Ended

Mar. 31, 2014

Jun. 30, 2013

Trade Receivables, Net [Abstract]

Schedule of trade receivables

	March 31			June 30
	2014			2013
Trade receivables	$	20,134,524		$	26,745,724
Allowance for bad debt		(969,623	)		(731,475	)
Total trade receivables, net	$	19,164,901		$	26,014,249

	June 30
		2013			2012
Trade receivables		$	27,740,315		$	27,328,853
Allowance for bad debt			(731,475	)		(751,563	)
Total trade receivables, net		$	27,008,840		$	26,577,290

Schedule of age analysis of past due trade receivables

AGE ANALYSIS OF PAST DUE TRADE	March 31		June 30
RECEIVABLES	2014		2013
1 - 30 Days Past Due	$	488,533	$	1,331,914
31 - 60 Days Past Due		219,893		724,023
Greater than 60 Days Past Due		1,220,715		1,224,162
Total Past Due		1,929,141		3,280,099
Current		18,205,383		23,465,625
Total Trade Receivables	$	20,134,524	$	26,745,724
Recorded Investment > 60 Days and accruing	$	32,670	$	53,069

AGE ANALYSIS OF PAST DUE TRADE RECEIVABLES	June 30
	2013		2012
1 - 30 Days Past Due	$	1,331,914	$	2,449,819
31 - 60 Days Past Due		724,023		997,284
Greater than 60 Days Past Due		1,224,162		1,564,355
Total Past Due		3,280,099		5,011,458
Current		24,460,216		22,317,395
Total Trade Receivables	$	27,740,315	$	27,328,853
Recorded Investment > 60 Days and accruing	$	53,069	$	372,928

Schedule of allowance for doubtful debts and recorded investment

ALLOWANCE FOR DOUBTFUL DEBTS AND	March 31			June 30
RECORDED INVESTMENT	2014			2013
Allowance for doubtful debts
Beginning balance	$	731,475		$	751,564
Charge-offs		(168,059	)		(228,471	)
Recoveries		(27,527	)		(80,551	)
Provision		424,681			371,779
Other comprehensive income (fx differences)		9,053			(82,846	)
Ending balance	$	969,623		$	731,475
Ending balance - individually evaluated for impairment	$	942,315		$	932,933
Ending balance - collectively evaluated for impairment	$	27,308		$	36,690
Trade receivables
Ending balance	$	20,134,524		$	26,745,724
Ending balance - individually evaluated for impairment	$	1,929,141		$	3,280,099
Ending balance - collectively evaluated for impairment	$	18,205,383		$	23,465,625

ALLOWANCE FOR DOUBTFUL DEBTS AND RECORDED INVESTMENT	June 30
	2013			2012
Allowance for doubtful debts
Beginning balance	$	751,564		$	607,962
Charge-offs		(228,471	)		(169,267	)
Recoveries		(80,551	)		(25,559	)
Provision		371,779			366,167
Other comprehensive income (fx differences)		(82,846	)		(27,740	)
Ending balance	$	731,475		$	751,563
Ending balance - individually evaluated for impairment	$	694,785		$	718,087
Ending balance - collectively evaluated for impairment	$	36,690		$	33,476
Trade receivables
Ending balance	$	27,740,315		$	27,328,853
Ending balance - individually evaluated for impairment	$	3,280,099		$	5,011,458
Ending balance - collectively evaluated for impairment	$	24,460,216		$	22,317,395

Schedule of trade receivables on a non accrual basis

TRADE RECEIVABLES ON A NON ACCRUAL	March 31		June 30
BASIS	2014		2013
Trade receivables	$	1,154,542	$	1,520,531

TRADE RECEIVABLES ON A NON ACCRUAL BASIS	June 30
	2013		2012
Trade receivables	$	1,520,531	$	2,004,224

Schedule of Impaired loans

  

IMPAIRED LOANS	March 31, 2014
	Recorded Investment		Unpaid principal balance		Related allowance		Average recorded investment				Interest income recognised
With no allowance recorded
Trade receivables	$	-	$	-	$	-	$	-			$	-
	$	-	$	-	$	-	$	-			$	-
With an allowance recorded
Trade receivables	$	1,154,542	$	778,919	$	969,623	$	1,406,308	$	15,695
	$	1,154,542	$	778,919	$	969,623	$	1,406,308			$	15,695
Total
Trade receivables	$	1,154,542	$	778,919	$	969,623	$	1,406,308			$	15,695
	$	1,154,542	$	778,919	$	969,623	$	1,406,308			$	15,695

	June 30, 2013
	Recorded Investment		Unpaid principal balance		Related allowance		Average recorded investment		Interest income recognized
With no allowance recorded
Trade receivables	$	-	$	-	$	-	$	-	$	-
	$	-	$	-	$	-	$	-	$	-
With an allowance recorded
Trade receivables	$	1,520,531	$	583,708	$	731,475	$	2,079,319	$	43,376
	$	1,520,531	$	583,708	$	731,478	$	2,079,319	$	43,376
Total
Trade receivables	$	1,520,531	$	583,708	$	731,475	$	2,079,319	$	43,376
	$	1,520,531	$	583,708	$	731,475	$	2,079,319	$	43,376

IMPAIRED LOANS	June 30, 2013
			Unpaid				Average		Interest
	Recorded		Principal		Related		recorded		income
	Investment		Balance		allowance		investment		recognised
With no allowance recorded
Trade receivables	$	-	$	-	$	-	$	-	$	-
	$	-	$	-	$	-	$	-	$	-
With an allowance recorded
Trade receivables	$	1,520,531	$	583,708	$	731,475	$	2,079,319	$	43,376
	$	1,520,531	$	583,708	$	731,475	$	2,079,319	$	43,376
Total
Trade receivables	$	1,520,531	$	583,708	$	731,475	$	2,079,319	$	43,376
	$	1,520,531	$	583,708	$	731,475	$	2,079,319	$	43,376

	June 30,2012
			Unpaid				Average		Interest
	Recorded		Principal		Related		recorded		income
	Investment		Balance		allowance		investment		recognised
With no allowance recorded
Trade receivables	$	-	$	-	$	-	$	-	$	-
	$	-	$	-	$	-	$	-	$	-
With an allowance recorded
Trade receivables	$	2,004,224	$	526,457	$	751,563	$	2,017,685	$	213,402
	$	2,004,224	$	526,457	$	751,563	$	2,017,685	$	213,402
Total
Trade receivables	$	2,004,224	$	526,457	$	751,563	$	2,017,685	$	213,402
	$	2,004,224	$	526,457	$	751,563	$	2,017,685	$	213,402