Note 11 - Capital Leases

9 Months Ended

Mar. 31, 2015

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 $2,000 as of March 31, 2015. Payments for the leases are made either monthly or quarterly through May 2015 and depreciation expense on this equipment was approximately $57,000 as of March 31, 2015. Future minimum payments consisted of the following at March 31, 2015:

Twelve months ending March 31, 2016	$	2,000
Less:
Taxes		—
Imputed interest		—
Present value of future minimum lease payments	$	2,000