Commitments and Contingencies

12 Months Ended

Jun. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments

The Company leases its manufacturing, research and corporate office facilities and certain equipment under non-cancelable operating lease arrangements. The future annual amounts to be paid under these arrangements as of June 30, 2015 are as follows:



Year Ending June 30,	Lease Obligations
2016	$	569,421
2017	495,216
2018	245,783
2019	145,564
2020	100,183
Thereafter	9,637
Total	$	1,565,804

. Rent expense charged to continuing operations during the years ended June 30, 2015 and 2014 was approximately $86,000 and $506,000, respectively, including equipment rent and property rent.

The Company guaranteed the lease payment for BHH. The lease is expected to expire in June 30, 2018 and annual lease payment is estimated at $135,300. Because BHH was put in liquidation during 2012, the Company recognized a liability for the difference between our future lease payments obligation and related costs from June 30, 2013 through the end of the remaining lease term, net of contractual or estimated sublease rental income. The Company has accrued lease termination costs of $86,000 and $593,000 as of June 30, 2015 and 2014, respectively. Inherent in the calculation of accrued lease termination costs are significant management judgments and estimates, including estimates of the amount and timing of future sublease revenues and the timing and duration of future vacancy periods. The Company reviewed these judgments and estimates on a quarterly basis and continue to make appropriate revisions. The adjustment to the current year accrual is based on the legal opinion.

Legal Proceedings

The Company, from time to time is involved in various legal proceedings and disputes that arise in the normal course of business. These matters have included intellectual property disputes, contract disputes, employment disputes and other matters. The Company does not believe that the resolution of any of these matters has had or is likely to have a material adverse impact on the Company’s business, financial condition or results of operations.