Note 2 - Supplemental Disclosure of Cash Flow Information

9 Months Ended

Mar. 31, 2015

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

2. Supplemental Disclosure of Cash Flow Information

The Company paid interest of approximately $172,000 and $5,000 during the three months ended March 31, 2015 and 2014, respectively, and approximately $231,000 and $28,000 during the nine months ended March 31, 2015 and 2014, respectively. The Company also paid federal and state income taxes of approximately $428,000 and $57,000 during the three months ended March 31, 2015 and 2014, respectively, and approximately $2.2 million and $142,000 during the nine months ended March 31, 2015 and 2014, respectively. The majority of taxes paid during the nine months ended March 31, 2015 were federal income taxes. During the nine months ended March 31, 2014, the Company paid no Federal income taxes because the Company utilized net operating losses to reduce its federal tax liability; taxes paid during that period were state income taxes.