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SeaBotix Inc. Acquisition (Details) (USD $)
12 Months Ended
Jun. 30, 2013
Cash paid $ 9,500,000
Accrual for contingent earnout payments 5,000,000
Accrual for holdback and proforma working capital adjustment 1,560,000
Total Purchase Price 16,060,000
Net current assets, including cash acquired of $316,000 and accounts receivable acquired of $1,342,000 4,963,000
Non-current assets (mainly property and equipment) 796,000
Goodwill 6,270,000
Other intangible assets 8,500,000
Accounts payable and accrued expenses (1,010,000)
Debt assumed (539,000)
Deferred tax liability (non-current) (2,920,000)
Total purchase price allocation $ 16,060,000