|
Note 13 - Debt (Tables)
|
12 Months Ended |
|
Jun. 30, 2012
|
| Schedule of Debt [Table Text Block] |
|
|
|
As
of June 30
|
|
|
Current
|
|
|
Long-Term
|
|
|
Name
|
|
2012
|
|
|
Maturities
|
|
|
Maturities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
D&O
Insurance
|
|
$
|
89,996
|
|
|
$
|
89,996
|
|
|
$
|
-
|
|
|
Habib
Bank Line of Credit
|
|
|
51,231
|
|
|
|
51,231
|
|
|
|
-
|
|
|
Bank
Overdraft Facility
|
|
|
308,013
|
|
|
|
308,013
|
|
|
|
-
|
|
|
HSBC
Loan
|
|
|
1,367,644
|
|
|
|
345,203
|
|
|
|
1,022,441
|
|
|
Term
Finance Facility
|
|
|
1,058,201
|
|
|
|
264,550
|
|
|
|
793,651
|
|
|
Subsidiary
Capital Leases
|
|
|
832,801
|
|
|
|
572,694
|
|
|
|
260,107
|
|
|
|
|
$
|
3,707,886
|
|
|
$
|
1,631,687
|
|
|
$
|
2,076,199
|
|
|
|
|
As
of June 30
|
|
|
Current
|
|
|
Long-Term
|
|
|
Name
|
|
2011
|
|
|
Maturities
|
|
|
Maturities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
D&O
Insurance
|
|
$
|
21,429
|
|
|
$
|
21,429
|
|
|
$
|
-
|
|
|
Habib
Bank Line of Credit
|
|
|
5,404,608
|
|
|
|
5,404,608
|
|
|
|
-
|
|
|
Bank
Overdraft Facility
|
|
|
254,502
|
|
|
|
254,502
|
|
|
|
-
|
|
|
Term
Finance Facility
|
|
|
869,767
|
|
|
|
434,883
|
|
|
|
434,884
|
|
|
Subsidiary
Capital Leases
|
|
|
1,232,585
|
|
|
|
947,113
|
|
|
|
285,472
|
|
|
|
|
$
|
7,782,891
|
|
|
$
|
7,062,535
|
|
|
$
|
720,356
|
|
|
| Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] |
|
|
|
As
of June 30
|
|
|
As
of June 30
|
|
|
|
|
2012
|
|
|
2011
|
|
|
Minimum
Lease Payments
|
|
|
|
|
|
|
|
Due
FYE 6/30/12
|
|
$
|
-
|
|
|
$
|
1,010,836
|
|
|
Due
FYE 6/30/13
|
|
|
629,251
|
|
|
|
209,260
|
|
|
Due
FYE 6/30/14
|
|
|
215,953
|
|
|
|
115,346
|
|
|
Due
FYE 6/30/15
|
|
|
71,218
|
|
|
|
-
|
|
|
Total
Minimum Lease Payments
|
|
|
916,422
|
|
|
|
1,335,442
|
|
|
Interest
Expense relating to future periods
|
|
|
(83,621
|
)
|
|
|
(102,857
|
)
|
|
Present
Value of minimum lease payments
|
|
|
832,801
|
|
|
|
1,232,585
|
|
|
Less: Current
portion
|
|
|
(572,694
|
)
|
|
|
(947,113
|
)
|
|
Non-Current
portion
|
|
$
|
260,107
|
|
|
$
|
285,472
|
|
|
| Schedule of Capital Leased Assets [Table Text Block] |
|
|
|
As
of June 30
|
|
|
As
of June 30
|
|
|
|
|
2012
|
|
|
2011
|
|
|
Computer
Equipment and Software
|
|
$
|
702,637
|
|
|
$
|
518,911
|
|
|
Furniture
and Fixtures
|
|
|
403,439
|
|
|
|
769,106
|
|
|
Vehicles
|
|
|
468,853
|
|
|
|
434,049
|
|
|
Building
Equipment
|
|
|
302,216
|
|
|
|
302,216
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
1,877,145
|
|
|
|
2,024,282
|
|
|
Less: Accumulated
Depreciation
|
|
|
(900,790
|
)
|
|
|
(807,562
|
)
|
|
Net
|
|
$
|
976,355
|
|
|
$
|
1,216,720
|
|
|
| Subsidiary Bank Loan [Table Text Block] |
|
|
|
|
|
|
|
|
|
TYPE
OF
|
MATURITY
|
|
INTEREST
|
|
BALANCE
|
|
|
LOAN
|
DATE
|
|
RATE
|
|
USD
|
|
|
|
|
|
|
|
|
|
|
|
Export
Refinance
|
Every
6 months
|
|
|
11.00
|
%
|
|
$
|
2,116,402
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
|
|
|
|
$
|
2,116,402
|
|
|
|
|
|
|
|
|
|
|
|
|
TYPE
OF
|
MATURITY
|
|
INTEREST
|
|
BALANCE
|
|
|
LOAN
|
DATE
|
|
RATE
|
|
USD
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Export
Refinance
|
Every
6 months
|
|
|
11.00
|
%
|
|
$
|
2,319,378
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
|
|
|
|
$
|
2,319,378
|
|
|