Annual report pursuant to Section 13 and 15(d)

Note 13 - Debt (Tables)

v2.4.0.8
Note 13 - Debt (Tables)
 12 Months Ended
Jun. 30, 2013
Disclosure Text Block Supplement [Abstract]  
Schedule of Debt [Table Text Block]
Name
       
As of June 30
2013
   
Current
Maturities
   
Long-Term
Maturities
 
                         
D&O Insurance
    (1 )   $ 88,292     $ 88,292     $ -  
Habib Bank Line of Credit
    (2 )     1,785,237       1,785,237       -  
Bank Overdraft Facility
    (3 )     312,139       312,139       -  
HSBC Loan
    (4 )     1,047,014       336,339       710,675  
Term Finance Facility
    (5 )     867,195       495,540       371,655  
Subsidiary Capital Leases
    (6 )     638,800       308,918       329,882  
            $ 4,738,677     $ 3,326,465     $ 1,412,212  
Name
           
As of June 30
2012
   
Current
Maturities
   
Long-Term
Maturities
 
                                 
D&O Insurance
    (1 )   $ 89,996     $ 89,996     $ -  
Habib Bank Line of Credit
    (2 )     51,231       51,231       -  
Bank Overdraft Facility
    (3 )     308,013       308,013       -  
HSBC Loan
    (4 )     1,367,644       345,203       1,022,441  
Term Finance Facility
    (5 )     1,058,201       264,550       793,651  
Subsidiary Capital Leases
    (6 )     832,801       572,694       260,107  
            $ 3,707,886     $ 1,631,687     $ 2,076,199  
Schedule of Future Payments of Loans Table Text Block
   
As of June 30,
2013
 
Loan Payments
     
Due FYE 6/30/14
  $ 2,981,014  
Due FYE 6/30/15
    559,818  
Due FYE 6/30/16
    448,673  
Due FYE 6/30/17
    110,372  
Total Loan Payments
    4,099,877  
Less: Current portion
    (3,017,547 )
Non-Current portion
  $ 1,082,330  
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]
   
As of June 30,
2013
 
Minimum Lease Payments
     
Due FYE 6/30/14
  $ 364,325  
Due FYE 6/30/15
    231,434  
Due FYE 6/30/16
    86,368  
Due FYE 6/30/17
    11,926  
Due FYE 6/30/18
    35,777  
Total Minimum Lease Payments
    729,830  
Interest Expense relating to future periods
    (91,030 )
Present Value of minimum lease payments
    638,800  
Less: Current portion
    (308,918 )
Non-Current portion
  $ 329,882  
Schedule of Capital Leased Assets [Table Text Block]
   
As of June 30,
2013
   
As of June 30,
2012
 
Computer Equipment and Software
  $ 454,002     $ 702,637  
Furniture and Fixtures
    951       403,439  
Vehicles
    671,907       468,853  
Building Equipment
    -       302,216  
Total
    1,126,860       1,877,145  
Less: Accumulated Depreciation
    (350,048 )     (900,790 )
Net
  $ 776,812     $ 976,355