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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Depreciation and amortization of property and equipment

Depreciation and amortization of property and equipment is computed using the straight line method based on the following estimated useful lives:

 

    Years  
Furniture and fixtures     5-7  
Computer Equipment     3  
Equipment under capital leases     3  
Leasehold improvements   See below  

 

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

 

   

Year ended

June 30, 2013

   

Year ended

June 30, 2012

 
Dilutive effect of options and warrants     -       -  
Weighted average shares outstanding assuming dilution     13,246,000       11,780,000  

 

Fixed stock options and warrants outstanding

The following table summarizes information about fixed stock options and warrants outstanding at June 30, 2013:

 

     

Options and Warrants Outstanding

at June 30, 2013

   

Options and Warrants Exercisable

at June 30, 2013

 
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       12,300       0.07     $ 1.61       12,300     $ 1.61  
$ 3.50 - $3.60       423,810       4.71       3.54       423,810       3.54  
          436,110       4.57     $ 3.48       436,110     $ 3.48