LONG-TERM DEBT

3 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

LONG-TERM DEBT

5. LONG-TERM DEBT

Long-term debt consists of the following:

	September 30,			June 30,
	2014			2014
	(unaudited)
Capital lease obligations		$	345,573	$	414,525
Loan agreements			84,717		8,251
			430,290		422,776
Less current portion			207,383		172,911
		$	222,907	$	249,865

During August 2014, the Company financed a portion of the premiums for various insurance policies totaling $103,125, due in nine monthly payments through April 2015 at an interest rate of 5.27%.