DEBT ARRANGEMENTS (Tables)

12 Months Ended

Jun. 30, 2012

Schedule of Debt [Table Text Block]

The Company’s debt obligations consisted of the following:

	June 30,		June 30,
	2012		2011
Notes payable
Term note due in monthly principal installments of $42, plus interest at 4.5% through April 2012. The loan was secured by all of the assets of the Company and was personally guaranteed by the Company’s chairman and majority shareholder.	$	-	$	417
Total debt obligations		-		417
Less current maturities		-		(417	)
Long-term portion of outstanding debt	$	-	$	-