Annual report pursuant to Section 13 and 15(d)

Acquisition of Assets (Tables)

v2.4.0.8
Acquisition of Assets (Tables)
12 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
As the purchase was treated as an asset acquisition, the value assigned for the assets acquired for the price paid in cash is as follows:
 
Material inventory
 
$
223,000
 
Fixed assets
 
 
264,000
 
Intangible assets
 
 
13,000
 
 
 
$
500,000