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Note 2 - Recent Accounting Pronouncements
3 Months Ended
Sep. 30, 2012
New Accounting Pronouncements, Policy [Policy Text Block]
2. Recent Accounting Pronouncements

In July 2012, the Financial Accounting Standards Board issued Accounting Standards Update 2012-02 (“ASU 2012-02”), Intangibles – Goodwill and Other, Testing Indefinite-Lived Intangible Assets for Impairment. The amendments in the Update are intended to reduce cost and complexity by providing an entity the option to make a qualitative assessment about the likelihood that an indefinite-lived intangible asset, other than goodwill, is impaired to determine whether it should perform a qualitative impairment test. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The amendments of ASU 2012-02 are not expected to have a material impact on the Company’s consolidated financial statements.