|
Consolidated Statements of Operations and Other Comprehensive Income (Loss) (USD $)
|
12 Months Ended |
|
Jun. 30, 2013
|
Jun. 30, 2012
|
| Revenue |
$ 45,498,526 |
$ 42,818,541 |
| Cost of revenue |
35,948,380 |
34,778,307 |
| Gross profit |
9,550,146 |
8,040,234 |
| Operating expenses: |
|
|
| Selling, general and administrative |
8,839,428 |
10,722,321 |
| Depreciation and amortization |
590,922 |
1,456,130 |
| Impairment loss on intangible assets related to intellectual property licenses |
0 |
688,138 |
| Loss on Facility Sublease |
233,015 |
0 |
| (Gain) loss on sale of fixed assets |
(476,904) |
315 |
| Total operating expenses |
9,186,461 |
14,692,927 |
| Income (loss) from operations |
363,685 |
(6,652,693) |
| Other income (expenses): |
|
|
| Interest expense |
(89,411) |
(220,665) |
| Other income (expense) |
(84,023) |
18,963 |
| Total Other Expense |
(173,434) |
(201,702) |
| Income (loss) before income tax benefit |
190,251 |
(6,854,395) |
| Income tax benefit |
1,671 |
322,106 |
| Net income (loss) |
191,922 |
(6,532,289) |
| Other comprehensive income: |
|
|
| Foreign currency translation |
15,351 |
72,244 |
| Comprehensive income (loss) |
207,273 |
(6,460,045) |
| Net income (loss) per common share: |
|
|
| Basic |
$ 0.01 |
$ (0.38) |
| Diluted |
$ 0.01 |
$ (0.38) |
| Weighted average shares outstanding: |
|
|
| Basic |
17,123,460 |
17,045,824 |
| Diluted |
17,262,652 |
17,045,824 |
|
Taag [Member]
|
|
|
| Operating expenses: |
|
|
| Impairment loss related to the acquisition |
0 |
1,602,638 |
| Income (loss) from operations |
335,272 |
|
|
Pools Press [Member]
|
|
|
| Operating expenses: |
|
|
| Impairment loss related to the acquisition |
$ 0 |
$ 223,385 |