NOTE 11 - INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Components Of Current (Benefit) Provision For Income Taxes

Components of the current benefit for income taxes are as follows:

	Years Ended June 30,
	2016			2015			2014
Current:
Federal	$	360,496		$	114,683		$	310,000
State		—			29,313			24,093
Federal deferred taxes		(4,368,901	)		(2,353,124	)		(2,280,044	)
State deferred taxes		(278,866	)		(403,393	)		(402,361	)
	$	(4,287,271	)	$	(2,612,521	)	$	(2,348,312	)

Reconciliation Of Federal Statutory Income Tax Rate To Company's Effective Tax Rate

A reconciliation of the federal statutory income tax rate to the Company's effective tax rate as reported is as follows:

	Years Ended June 30,
	2016			2015			2014
Taxes at federal statutory rate		35.0	%		35.0	%		34.0	%
State and local income taxes (benefit), net of federal benefit		6.0	%		6.0	%		6.0	%
Permanent differences		0.2	%		0.2	%		(0.9	)%
(Decrease) increase in the valuation allowance		(89.8	)%		(65.4	)%		(65.5	)%
True ups		(0.0	)%		(3.2	)%		(2.8	)%
Effective income tax rate		(48.6	)%		(27.4	)%		(29.2	)%

Components Of Company's Deferred Tax Assets And Liabilities

Significant components of the Company's deferred tax assets and liabilities at June 30, 2016 and 2015 are as follows:

	June 30,
	2016			2015
Deferred tax assets:
Allowance for doubtful accounts	$	6,495,094		$	6,607,107
Non-deductible accruals		962,867			115,346
Net operating carryforwards		44,011,554			49,170,420
Tax credits		6,770,099			6,751,692
Inventory		105,250			111,190
Property and equipment and depreciation		—			1,093,401
		58,344,864			63,849,156
Valuation allowance		(45,302,504	)		(55,425,850	)
Total deferred tax assets		13,042,360			8,423,306
Capitalized software development costs		(481,779	)		(510,492	)
Total deferred tax liabilities		(481,779	)		(510,492	)
Net deferred tax asset	$	12,560,581		$	7,912,814