SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

Depreciation and amortization of property and equipment

Property and equipment are stated at cost and consist of the following at June 30:

	2012		2011
Computer equipment	$	2,236,625	$	1,997,865
Furniture and fixtures		314,823		314,823
Leasehold improvements		141,043		141,043
		2,692,491		2,453,731
Less accumulated depreciation and amortization		(2,133,351)		(1,801,739)
	$	559,140	$	651,992

Amortization of intangible assets

Amortization of intangible assets are computed using the straight line method based on the following estimated useful lives:

	Years
Customer relationships		10
Acquired developed software		5
Developed software		3
Goodwill	See below

Diluted EPS

EPS calculation as the effect would have been anti-dilutive. 

	Year ended June 30, 2012		Year ended June 30, 2011
Dilutive effect of options and warrants		-		-
Weighted average shares outstanding assuming dilution		11,780,000		11,212,000

Fixed stock options and warrants outstanding

The following table summarizes information about fixed stock options and warrants outstanding at June 30, 2012:

		Options and Warrants Outstanding at June 30, 2012						Options and Warrants Exercisable at June 30, 2012
Range of exercise prices		Number Outstanding		Weighted average remaining contractual life (years)		Weighted average exercise price		Number exercisable		Weighted average exercise price
$	1.50 – $2.50		62,880		1.44	$	1.77		62,880	$	1.77
			62,880		1.44	$	1.77		62,880	$	1.77