COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Schedule of gain on sale of ePort equipment


Rental equipment sold, cost	$	1,918,920
Rental equipment sold, accumulated depreciation upon sale		(76,032	)
Rental equipment sold, net book value		1,842,888
Proceeds from Sale		2,995,095
Gain on sale of rental equipment	$	1,152,207

Schedule of capital leases and non-cancellable operating leases


	Operating Leases		Other Operating		Total Operating		Capital
	from Sale Leaseback		Leases		Leases		Leases

2015	$	988,381	$	435,578	$	1,423,959	$	198,416
2016		988,381		361,927		1,350,308		111,647
2017		988,381		810		989,191		92,261
2018		-		-		-		60,585
2019		-		-		-		23,362
Thereafter		-		-		-		-
Total minimum lease payments	$	2,965,143	$	798,315	$	3,763,458	$	486,271
Less amount representing interest								71,745
Present value of net minimum lease payments								414,526
Less current obligations under capital leases								164,660
Obligations under capital leases, less current portion							$	249,866

- Definition

Tabular disclosure of leases entered into in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller was accounted for as an operating or capital lease. If the sale of the asset(s) did not meet the requirements to be accounted for as a sale whether the transaction was accounted for using the deposit method or as a financing. Disclosure may also include a description of the terms of the sale-leaseback transaction, including future commitments, obligations, provisions, or circumstances that require or result in the seller-lessee's continuing involvement. For leasing transactions involving "Special Purpose Entities"', disclosure may include a general description of the significant terms of the leasing arrangement including renewal or purchase options, escalation clauses, obligations with respect to refinancing of the lessor's debt, significant penalties and the provisions of any significant guarantees, such as residual value guarantees.

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