Note 11 - Capital Leases

6 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Capital Leases in Financial Statements of Lessee Disclosure [Text Block]

11. Capital Leases

The Company has various computer equipment used in training facilities and by employees throughout its office locations. These capital lease obligations totaled $3,000 as of December 31, 2014. Payments for the leases are made either monthly or quarterly through December 2015 and depreciation expense on this equipment was approximately $54,000 as of December 31, 2014. Future minimum payments consisted of the following at December 31, 2014:

Twelve months ending December 31, 2015	$	4,000
Less:
Taxes		1,000
Imputed interest		—
Present value of future minimum lease payments	$	3,000