Note 2 - Supplemental Disclosure of Cash Flow Information

12 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

2. Supplemental Disclosure of Cash Flow Information

The Company paid interest of approximately $386,000 and $32,000, and paid federal and state taxes of approximately $2.6 million and $182,000, respectively, for the years ended June 30, 2015 and June 30, 2014. The majority of taxes paid during the year ended

June 30, 2015 were federal income taxes. During the year ended

June 30, 2014, the Company paid no federal income taxes because the Company utilized net operating losses to reduce its federal tax liability; taxes paid during that period were state income taxes.