7. SALE OF OPERATING SEGMENTS (Tables)

12 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Significant inputs for the valuation model

Annual dividend yield	4%
Discount rate	8.5%
Expected volatility	73%
Expected term	5 - 10 years
Risk-free interest rate	2.4%
Exercise price	$6.00

Assets and liabilities acquired by ORBCOMM in the StarTrak transaction

StarTrak Systems, LLC
Book Value May 16, 2011
Current Assets
	Cash	$	321,600
	Accounts Receivable, net		1,575,400
	Inventory, net		2,241,500
	Other Current Assets		245,900
	Total Current Assets		4,384,400
Equipment, Furniture and Fixtures, net			303,000
Other Assets
	Intangible Assets		393,300
	Goodwill		12,575,400
	Other assets		21,800
	Total Assets	$	17,677,900
Current Liabilities
	Accounts Payable and Accrued Expense	$	1,587,000
	Capitalized Leases		9,900
	Customer Advances		42,900
	Deferred Revenue		785,600
	Total Liabilities		2,425,400
	Net Book Value	$	15,252,500

Resulting gain on the sale of StarTrak Systems, LLC operations

StarTrak Systems, LLC
Gain on Sale
Consideration received in form of cash, stock and
assumption of debt	$	17,744,600
Estimated value of potential payouts under escrow
agreements and working capital payouts		(439,400)
Investment banking, legal and accounting costs		(403,900)
Incentive compensation costs related to sale		(354,800)
Net Consideration		16,546,500
Net Book Value per above		(15,252,500)
Gain on Sale of StarTrak	$	1,294,000