Income Taxes

9 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

For the three and nine months ended March 31, 2013 and 2012 the Company recorded an income tax provision of $67 and $0 to reflect tax amortization of the Company's goodwill.  At March 31, 2013, the Company had  a Net Operating Loss carryforward of $28,711, which will begin to expire in 2030.  The Company has established a full valuation allowance against its deferred tax assets as of March 31, 2013 and 2012. 

The Company has evaluated its income tax positions and has determined that it does not have any uncertain tax positions. The Company will recognize interest and penalties related to any uncertain tax positions through its income tax expense.

The Company may in the future become subject to federal, state and local income taxation though it has not been since its inception.  The Company is not presently subject to any income tax audit in any taxing jurisdiction.