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COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Schedule of gain on sale of ePort equipment

	Three months ended
	June 30, 2014			September 30, 2014			Total
Rental equipment sold, cost	$	1,918,920		$	3,873,275		$	5,792,195
Rental equipment sold, accumulated depreciation upon sale		(76,032	)		(331,069	)		(407,101	)
Rental equipment sold, net book value		1,842,888			3,542,206			5,385,094
Proceeds from sale		2,995,095			4,993,879			7,988,974
Gain on sale of rental equipment	$	1,152,207		$	1,451,673		$	2,603,880

Schedule of changes in deferred gain from sale leaseback transactions

	Three months ended
	September 30, 2014
Beginning balance, June 30, 2014	$	1,142,685
Gain on sale of rental equipment		1,451,673
Recognition of deferred gain		(188,327	)
Ending balance, September 30, 2014		2,406,031
Less current portion		860,390
Non-current portion of deferred gain	$	1,545,641

Schedule of future minimum lease payments operating leases

	Operating Leases
	from Sale Leaseback

2015 (remaining nine months)	$	1,980,867
2016		2,641,155
2017		2,641,155
2018		137,731
Total minimum lease payments	$	7,400,908

- 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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