XML 47 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
18. Subsequent Events
12 Months Ended
Jun. 30, 2013
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

Subsequent to June 30, 2013 and through the date of this report, ACC drew an additional $25,000 against its credit line and brought all amounts due current.

 

Subsequent to June 30, 2013, the Company sold 47,118 shares of ORBCOMM, Inc. (presented at June 30, 2013 as Marketable Securities - Restricted) for approximately $220,100 or an average of $4.67 per share. See Note 4 - Marketable Securities - Restricted for additional discussion on the ORBCOMM stock held.

 

Subsequent to June 30, 2013 and through the date of this report, the Company repurchased 50,000 shares of the Company’s outstanding stock at a cost of approximately $22,900 or $.46 per share.