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Note 3 - Recent Accounting Pronouncements
12 Months Ended
Jun. 30, 2013
Description Of New Accounting Pronouncements Adopted And Not Yet Adopted [Abstract]  
Description Of New Accounting Pronouncements Adopted And Not Yet Adopted [Text Block]

3. Recent Accounting Pronouncements


In February 2013, the Financial Accounting Standards Board issued new guidance requiring additional information about amounts reclassified out of accumulated other comprehensive income by component, including disclosure of the significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income if the amount reclassified is required to be reclassified to net income in its entirety in the same reporting period or, for amounts not required to be reclassified entirely to net income in the same reporting period, a cross-reference to other required disclosures that provide additional detail concerning those amounts. This new standard was effective for the Company’s interim period beginning December 24, 2012 and did not have an impact on its financial position or results of operations.


There have been no other newly issued or newly applicable accounting pronouncements that have, or are expected to have, a significant impact on the Company's financial statements.