SUBSEQUENT EVENTS

3 Months Ended

Sep. 30, 2014

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

10. SUBSEQUENT EVENTS

LINE OF CREDIT

In October 2014, the Company paid a portion of its outstanding balance on its Line of Credit in the amount of $2,500,000 with cash and cash equivalents on hand as of September 30, 2014. The balance outstanding, as of the date of filing, was $2,500,000, and $4,500,000 was available under the Line of Credit.

CAPITAL LEASE

In October 2014, the Company entered into a capital lease for network equipment totaling $114,377 due in twelve quarterly installments of $10,421 through August 2017.