Leases

12 Months Ended

Jun. 30, 2012

Leases [Abstract]

Leases

7. LEASES

The Company acquired equipment under long-term leases. For financial reporting purposes, the present value of the minimum lease payments has been capitalized.

Future payments under these capital lease arrangements, which includes $640 in finance charges, are as follows:

Year ending June 30, 2013 $        16,499