7. Equity (Details Narrative)

6 Months Ended

Dec. 31, 2012

Equity Details Narrative

Repurchase stock program

In December 2011, the Company announced that its board of directors had authorized a stock repurchase program whereby the Company could repurchase up to 2 million shares of its outstanding common stock through December of 2012. As of December 31, 2012 the Company had repurchases under the program totaling 44,200 shares at a cost of approximately $30,300, or $.69 per share, all of which were purchased and retired prior to July 1, 2012.