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The first step screens for potential impairment, while the second step measures the amount of impairment. The Company uses a quantitative method, including a discounted cash flow analysis to complete the first step in this process. We also give consideration to our market capitalization. Testing for impairment is to be done at least annually and at other times if events or circumstances arise that indicate that impairment may have occurred. The Company has selected April 1 as its annual test date. 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font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: center; padding-bottom: 2px;" valign="bottom" width="12%"> <div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">December 31, 2017</font></div> </td> </tr> <tr bgcolor="azure"> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="10%"> <div style="text-align: right; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">4,309,000</font></div> </td> <td style="text-align: right; padding-bottom: 4px;" valign="bottom" width="10%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 4px;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="8%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 4px;" valign="bottom" width="12%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> </table> </div> </div> </div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Common Stock Warrant activity for the years ended June 30, 2014, 2013, and 2012 was as follows:</font><font style="font-family: times new roman; font-size: 10pt;"> </font></div> <div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> <div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> <div align="center"> <table style="width: 70%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td valign="bottom" width="58%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="58%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Warrants</font></div> </td> <td style="text-align: left; padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="58%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Outstanding at June 30, 2011</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">15,567,199</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" valign="bottom" width="58%"> <div align="left" style="text-indent: 0pt; 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font-size-adjust: none; font-stretch: normal;">Exercised</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">(7,317</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">)</font></td> </tr> <tr bgcolor="white"> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="58%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Expired</font></div> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">(7,514,263</font></td> <td style="text-align: left; padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">)</font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="58%"> <div align="left" style="text-indent: 0pt; 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margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Issued</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">45,000</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="58%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Exercised</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">(399,597</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">)</font></td> </tr> <tr bgcolor="white"> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="58%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; 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margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Issued</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="58%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; 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font-stretch: normal;">)</font></td> </tr> <tr bgcolor="azure"> <td align="left" style="padding-bottom: 4px;" valign="bottom" width="58%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Outstanding at June 30, 2014</font></div> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; 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The warrants under this agreement expired unexercised.</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In connection with a Securities Purchase Agreement with S.A.C. Capital Associates, LLC (&#8220;SAC&#8221;) entered into by the Company on March 14, 2007, the Company issued warrants to purchase 833,333 shares of Common Stock, exercisable at $6.40 per share. As a result of the adjustment provisions contained in the warrant, as of June 30, 2009, the original warrants to purchase 833,333 shares of Common Stock at $6.40 per share had changed to warrants to purchase 903,955 shares of Common Stock at $5.90 per share. The warrants were exercisable at any time through September 14, 2013 and expired unexercised.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On August 7, 2009, in conjunction with a rights offering (the &#8220;2009 Rights Offering&#8221;), the Company issued warrants to purchase 7,285,792 shares of Common Stock, exercisable at $2.20 per share at any time prior to December 31, 2011. The warrants commenced trading on August 7, 2009, on The NASDAQ Global Market under the symbol USATW. During the years ended June 30, 2012 and 2011, 4,550 and 376,355 USATW warrants were exercised at $2.20 per share resulting in the issuance of 4,550 and 376,355 shares of Common Stock, generating cash proceeds of $10,010 and $827,981, respectively. 6,904,887 of these warrants expired unexercised on December 31, 2011. Additionally, the Company issued each of the two dealer managers warrants to purchase 145,716 shares of Common Stock that were exercisable at $2.20 per share at any time prior to August 6, 2012. The dealer manager warrants expired unexercised in August 2012.</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On May 12, 2010, in conjunction with a public offering (the &#8220;2010 Public Offering&#8221;), the Company issued warrants to purchase 2,753,454 shares of Common Stock, exercisable at $1.13 per share at any time prior to December 31, 2013. The warrants commenced trading on May 24, 2010 on The NASDAQ Global Market under the symbol USATZ. During the years ended June 30, 2014, 2013 and 2012, 2,090,226, 369,287 and 0 USATZ warrants were exercised at $1.13 per share for cash proceeds of $2,361,956, $417,294 and $0, respectively. 58,527 shares of Common Stock, exercisable at $1.13 per share expired unexercised on December 31, 2013.</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On July 7, 2010, in conjunction with a rights offering (the &#8220;2010 Rights Offering&#8221;), the Company issued USATZ warrants to purchase 261,953 shares of Common Stock, exercisable at $1.13 per share at any time prior to December 31, 2013. During the year ended June 30, 2011 all of these warrants were exercised at $1.13 per share for cash proceeds of $296,007.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Additionally, the Company issued to Source Capital Group (&#8220;Source&#8221;), placement agent of the 2010 Public Offering and the 2010 Rights Offering, warrants to purchase 165,207 and 15,717 shares of Common Stock, exercisable at $1.13 per share at any time prior to May 12, and July 7, 2013, respectively. During the years ended June 30, 2013, 2012 and 2011 Source elected cashless exercises of 36,186, 2,767 and 127,497 warrants resulting in the issuance of 17,094, 990 and 83,472 shares of Common Stock, respectively. During the year ended June 30, 2013, 13,216 shares of Common Stock were issued for warrants exercised at $1.13 per share for cash proceeds of $14,934. Warrants for the issuance of up to 1,258 shares of Common Stock expired unexercised in May 2013.</font></div> <div style="text-align: justify; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On March 17, 2011, in conjunction with a private placement offering (the &#8220;2011 Private Placement Offering&#8221;), the Company issued warrants to purchase up to 3,900,000 shares of Common Stock, exercisable at $2.6058 per share. Additionally, the Company issued the placement agent of the 2011 Private Placement Offering warrants to purchase 364,000 shares of common stock at $2.6058 per share. The 4,264,000 warrants are exercisable from September 18, 2011 through September 18, 2016. As of June 30, 2014, no warrants have been exercised under this offering.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The 3,900,000 warrants issued under the 2011 Private Placement Offering to the buyers contain a provision that if a Fundamental Transaction occurs, notably a change in control, the warrant holder may require the Company to pay the Black-Scholes calculated value of the then unexercised warrant to the warrant holder in cash. The fair value of the warrants was estimated, and the Company recorded a warrant liability in its Consolidated Balance Sheet of $585,209 and $650,638 at June 30, 2014 and 2013, respectively (see Note 9).</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In conjunction with the Loan and Security agreement (Note 7) and as a condition of the Bank entering into the First Amendment, the Company issued to the Bank warrants to purchase up to 45,000 shares of common stock of the Company. The warrants are exercisable at any time prior to December 31, 2017 at an exercise price of $2.10 per share. Upon the issuance of the 45,000 shares of common stock, the fair value of the warrants is $55,962 using a Black Scholes model, which was recorded as prepaid interest and included in other assets on the Consolidated Balance Sheet, and is being amortized as non-cash interest expense over the remaining term of the Line of Credit as amended in January 2013. Non-cash interest of $2,095 and $53,867 has been recognized for the years ended June 30, 2014 and 2013. As of June 30, 2014 none of these warrants has been exercised.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">STOCK OPTIONS</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company estimates the grant date fair value of the stock options it grants using a Black-Scholes valuation model. The Company&#8217;s assumption for expected volatility is based on its historical volatility data related to market trading of its own common stock. The Company bases its assumptions for expected life of the new stock option grants on the life of the option granted, and if relevant, its analysis of the historical exercise patterns of its stock options. The dividend yield assumption is based on dividends expected to be paid over the expected life of the stock option. The risk-free interest rate assumption is determined by using the U.S. Treasury rates of the same period as the expected option term of each stock option.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The weighted-average fair value of options granted during the fiscal year ended June 30, 2014 was $1.49. There were no options granted during the fiscal years ended June 30, 2013 and 2012. The fair value of options granted during the fiscal year ended June 30, 2014 was estimated at the grant date using the following weighted average assumptions:</font></div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> <div align="center"> <table style="width: 40%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td valign="bottom" width="28%"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> <td valign="bottom" width="1%"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> </tr> <tr> <td valign="bottom" width="28%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Year ended</font></div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="28%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="border-bottom-color: black; 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display: inline;"> </font></td> <td valign="bottom" width="1%"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> <td valign="bottom" width="1%"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> <td valign="bottom" width="1%"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: arial; font-size: 8pt; display: inline;"> </font></td> </tr> <tr> <td align="left" valign="bottom" width="44%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"></font></td> </tr> </table> </div> </div> </div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> <div align="center"> <div align="center"> <table style="width: 80%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="bottom" width="44%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; 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font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Options</font></div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Price</font></div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Exercise</font></div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="44%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Outstanding</font></div> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Per Share</font></div> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Price</font></div> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr> <td align="left" valign="bottom" width="44%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="44%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Outstanding and exercisable at June 30, 2011</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; 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font-size-adjust: none; font-stretch: normal;">7.50-8</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">7.53</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" valign="bottom" width="44%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Granted</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font-size: 10pt;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="44%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Expired</font></div> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">(45,333</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">)</font></td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">7.50-8</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">7.53</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" valign="bottom" width="44%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Outstanding and exercisable at June 30, 2012</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">45,333</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">7.50-8</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">7.53</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="44%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Granted</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font-size: 10pt;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font-size: 10pt;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="44%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Expired</font></div> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">(45,333</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">)</font></td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">7.50-8</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">7.53</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" style="padding-bottom: 4px;" valign="bottom" width="44%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Outstanding and exercisable at June 30, 2013</font></div> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" valign="bottom" width="44%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Granted</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">120,000</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2.05</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2.05</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="44%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Exercised/vested</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="44%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Expired</font></div> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="44%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Outstanding at June 30, 2014</font></div> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">120,000</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2.05</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2.05</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> </table> </div> </div> </div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div style="text-align: justify; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On June 18, 2014, the shareholders of the Company approved the 2014 Stock Option Incentive Plan (the &#8220;2014 Option Plan&#8221;). Under this plan, 750,000 of stock options may be granted to officers, directors or employees of the Company. For the year ended June 30, 2014, the Board of Directors of the Company approved 20,000 options to each of the six non-employee directors. The options vest as follows: one-third one year after the grant date (June 19, 2015), one-third on June 19, 2016 and one-third on June 19, 2017.</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div style="text-align: justify; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The following table shows exercisable options, exercise prices, the weighted average remaining contractual life and the aggregate intrinsic value for options outstanding as of June 30, 2014:</font><font style="font-family: times new roman; font-size: 10pt;"><br /></font></div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> <div align="center"> <div align="center"> <table style="font: 10pt/normal times new roman; width: 95%; font-size-adjust: none; font-stretch: normal;" cellspacing="0" cellpadding="0"> <tr> <td style="vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;" colspan="2"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; padding-bottom: 2px; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; padding-bottom: 2px; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" colspan="6"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Weighted Average</font></div> </td> <td style="text-align: left; padding-bottom: 2px; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; padding-bottom: 2px; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; padding-bottom: 2px; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr> <td style="vertical-align: bottom;"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Options</font></div> </td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Options</font></div> </td> <td style="text-align: left; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;" colspan="2" nowrap="nowrap"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Exercise Price Per</font></div> </td> <td style="text-align: left; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Remaining Life</font></div> </td> <td style="text-align: left; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Remaining Life</font></div> </td> <td style="text-align: left; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2pt; border-bottom-style: solid;" colspan="6"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Intrinsic Value-</font></div> </td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2pt; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr> <td style="vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Outstanding</font></div> </td> <td style="vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Exercisable</font></div> </td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Share</font></div> </td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Outstanding</font></div> </td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Exercisable</font></div> </td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Outstanding</font></div> </td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Exercisable</font></div> </td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td style="width: 9%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">120,000</font></div> </td> <td style="width: 1%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 3%; text-align: right; padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 1%; text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 9%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="width: 1%; text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 3%; text-align: right; padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 1%; text-align: left; padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="width: 9%; text-align: right; padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2.05</font></td> <td style="width: 1%; text-align: left; padding-bottom: 2px; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 3%; text-align: right; padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 1%; text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 9%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">6.97</font></td> <td style="width: 1%; text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 3%; text-align: right; padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 1%; text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 9%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="width: 1%; text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 3%; text-align: right; padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 1%; text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 9%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="width: 1%; text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 3%; text-align: right; padding-bottom: 2px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 1%; text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="width: 9%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="width: 2%; text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> 120,000</font></div> </td> <td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 4px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 4px; vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; padding-bottom: 4px; vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 4px; vertical-align: bottom;"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; padding-bottom: 4px; vertical-align: bottom;" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 4px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">6.97</font></td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 4px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 4px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 4px; vertical-align: bottom;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> </table> </div> </div> </div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">16. COMMITMENTS AND CONTINGENCIES</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">LEASE COMMITMENTS</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On June 26, 2014, the Company and Varilease Finance, Inc. (&#8220;Varilease&#8221;), entered into six Sale Leaseback Agreements (the &#8220;Sale Leaseback Agreements&#8221; or a &#8220;Sale Leaseback Agreement&#8221;) pursuant to which Varilease purchased ePort equipment owned by the Company and used by the Company in its JumpStart program. If all of the ePort equipment described in the Sale Leaseback Agreements is purchased by Varilease, the aggregate purchase price to be received by the Company would be approximately $8,000,000.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Concurrently with entering into the Sale Leaseback Agreements, the Company and Varilease entered into six Schedules (the &#8220;Schedules&#8221; or a &#8220;Schedule&#8221;) each corresponding to a Sale Leaseback Agreement. The Company and Varilease also entered into a Master Lease Agreement (the &#8220;Master Lease Agreement&#8221;) which is incorporated by reference into each Schedule. Each Schedule (including the Master Lease Agreement) sets forth the terms and conditions pursuant to which Varilease would lease to the Company the ePort equipment to be purchased by Varilease from the Company pursuant to the corresponding Sale Leaseback Agreement. Each Schedule provides for a 36-month base lease term and specifies the base monthly rental for the equipment described in the Schedule. During the lease term, all of the costs, expenses and liabilities associated with the equipment are to be borne by the Company, and the Company is entitled to the unlimited use of the equipment.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">At the completion of the base lease term provided in each Schedule, the Company will have, among other things, the option to either purchase the equipment described in the Schedule for a price to be agreed upon by the Company and Varilease, or extend the lease term of the Schedule for an additional twelve months at the base monthly rental, at the conclusion of which all of the right, title and interest of Varilease in the ePort equipment would pass to the Company.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Master Lease Agreement includes customary events of default, including non-payment by the Company of the monthly rental or other charges due under any Schedule. The Master Lease Agreement provides that in the event of the declaration by Varilease of a default, the Company would pay to Varilease, among other things, any unpaid amount due on or before the declaration of default plus liquidated damages equal to the Stipulated Loss Value of the equipment. The Stipulated Loss Value of the equipment is an amount equal to 110% of the Company&#8217;s original cost for such equipment less 1.25% of such cost for each month elapsed during the lease term through the declaration of default.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On June 27, 2014, Varilease completed the purchase from the Company of the ePort equipment described in two of the Sale Leaseback Agreements for an aggregate of $2,995,095, and pursuant to the corresponding Schedules, the Company is obligated to pay to Varilease a base monthly rental of $82,365 for this equipment during the 36-month lease term. The Company is accounting for the Sale Leaseback as an operating lease. The remaining Sale Leaseback Agreements as described above were completed subsequent to June 30, 2014 (see Note 17).</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;"><font style="font-family: times new roman; font-size: 10pt;">Upon the completion of the sale under the first two agreements in June 2014, the Company computed a gain on the sale of its ePort equipment in the amount of $1,152,207 as follows:</font></font><font style="font-family: times new roman; font-size: 10pt; display: inline;"><br /></font></div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> <div align="center"> <table style="width: 50%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr bgcolor="white"> <td align="left" valign="bottom" width="38%"><font style="font-family: times new roman; font-size: 9pt; display: inline;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 9pt; display: inline;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 9pt; display: inline;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 9pt; display: inline;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 9pt; display: inline;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="38%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Rental equipment sold, cost</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">1,918,920</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="38%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Rental equipment sold, accumulated depreciation upon sale</font></div> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">(76,032</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">)</font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="38%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Rental equipment sold, net book value</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">1,842,888</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="38%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Proceeds from Sale</font></div> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2,995,095</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" style="padding-bottom: 4px;" valign="bottom" width="38%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Gain on sale of rental equipment</font></div> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">1,152,207</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> </table> </div> </div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">In accordance with the FASB topic ASC 840-40, &#8220;Sale Leaseback Transactions&#8221;, any gain shall be deferred and shall be amortized in proportion to the related gross rental charged to expense over the lease term. The computed gain on the sale will be recognized ratably over the 36 month term and charged as a reduction to the Company&#8217;s JumpStart rent expense included in costs of services in the Company&#8217;s consolidated statement of operations. For the year ended June 30, 2014 the Company recognized $9,522 of the gain and the deferred gain amounted to $1,142,685 as of June 30, 2014. The Company intends to utilize the proceeds from the sale of the equipment for working capital purposes.</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Other lease commitments include leases for its operations from various facilities. The Company leases 17,249 square feet of space located in Malvern, Pennsylvania for its principal executive office and used for general administrative functions, sales activities, product development, and customer support. In November 2010, the Company entered into an amended lease of its principal executive office in Malvern, Pennsylvania, which extended the lease term from December 31, 2010 to April 2016. The amendment includes rental payments of approximately $29,000 to $32,000 as well as a four month period of no rent payments and leasehold improvements of approximately $195,000. The straight-lined rent expense for this office is approximately $25,000 per month for the duration of the lease.</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company leases space in Malvern, Pennsylvania for its product warehousing and shipping support. In October 2011, the Company amended the lease of its operations site in Malvern, Pennsylvania, to extend the lease term from December 31, 2011 to December 31, 2012. The amendment includes monthly rental payments of approximately $15,100 to $16,200. Beginning in January 2012 the straight-lined rent expense for this office is approximately $15,600 per month for the duration of the amended lease period. In November 2012, the Company amended and extended this lease to January 31, 2013 with monthly rent of $16,721 for January 2013.</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In November 2012, the Company entered into a lease for a new operations site in Malvern, Pennsylvania to replace its existing site and lease. The lease term for the 11,250 square feet of space is January 1, 2013 through February 29, 2016. The lease includes monthly rental payments from $4,406 to $4,678 as well as a two month period of no rent payments. Beginning in January 2013 the straight-lined rent expense for this operations site is approximately $4,300 per month for the duration of the lease period.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Rent expense under operating leases was approximately $372,000, $432,000, and $502,000 during the years ended June 30, 2014, 2013, and 2012, respectively.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Future minimum lease payments subsequent to June 30, 2014 under non-cancellable operating leases and capital leases are as follows:</font><font style="font-family: times new roman; font-size: 10pt;"><br /></font></div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> <div align="left"> <div align="center"> <table style="width: 80%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="bottom" width="32%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr> <td align="left" valign="bottom" width="32%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Operating Leases</font></div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Other Operating</font></div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Total Operating</font></div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Capital</font></div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="32%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">from Sale Leaseback</font></div> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Leases</font></div> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Leases</font></div> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Leases</font></div> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr> <td valign="bottom" width="32%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="10%" colspan="2"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="32%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2015</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">988,381</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">435,578</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">1,423,959</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">198,416</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" valign="bottom" width="32%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2016</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">988,381</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">361,927</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">1,350,308</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">111,647</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="32%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2017</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">988,381</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">810</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">989,191</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">92,261</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" valign="bottom" width="32%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2018</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">60,585</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="32%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2019</font></div> </td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">23,362</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="32%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Thereafter</font></div> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">-</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" style="padding-bottom: 4px;" valign="bottom" width="32%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Total minimum lease payments</font></div> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">2,965,143</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">798,315</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">3,763,458</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">$</font></td> <td style="text-align: right; padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">486,271</font></td> <td style="text-align: left; padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="32%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Less amount representing interest</font></div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">71,745</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" valign="bottom" width="32%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Present value of net minimum lease payments</font></div> </td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">414,526</font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="white"> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="32%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Less current obligations under capital leases</font></div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">164,660</font></td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;"> </font></td> </tr> <tr bgcolor="azure"> <td align="left" style="padding-bottom: 4px;" valign="bottom" width="32%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font: 10pt/normal times new roman; font-size-adjust: none; font-stretch: normal;">Obligations under capital leases, less current portion</font></div> </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 4px;" valign="bottom" width="9%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: right; padding-bottom: 4px;" valign="bottom" width="9%"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;"> </font></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font: 10pt/normal arial; 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Mr. Herbert has the right to designate the beneficiary of the policy. On September 5, 2012, the Company discontinued this policy and Mr. Herbert&#8217;s base salary was increased by the amount equal to the annual premiums being paid by the Company for the life insurance policy.</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The agreement provides that if Mr. Herbert would terminate his employment with the Company for good reason (as defined in the agreement), or if the Company would terminate his employment without cause (as defined in the agreement), or if the Company would provide Mr. Herbert with a notice of non-renewal of his employment agreement, then the Company would pay to him a lump sum equal to two times his base salary on or before the termination of his employment. The term good reason as defined in the agreement, includes: (A) a material breach of the terms of the agreement by the Company; (B) the assignment by the Company to Mr. Herbert of duties in any way materially inconsistent with his authorities, duties, or responsibilities, or a material reduction or alteration in the nature or status of his authority, duties, or responsibilities as the Chief Executive Officer of the Company; (C) the Company reduces Mr. Herbert&#8217;s annual base salary; or (D) a material reduction by the Company in the kind or level of employee benefits to which Mr. Herbert is entitled immediately prior to such reduction with the result that his overall benefit package is significantly reduced unless such failure to continue a plan, policy, practice or arrangement pertains to all plan participants generally. As a condition to Mr. Herbert receiving any payments or benefits upon the termination of his employment for good reason, Mr. Herbert shall have executed and delivered (and not revoked) a release of any and all claims, suits, or causes of action against the Company and its affiliates in form reasonably acceptable to the Company.</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The agreement also provides that as a condition of the consummation of a USA Transaction (as defined in the agreement), the successor to the Company&#8217;s business or assets would agree to assume and perform Mr. Herbert&#8217;s employment agreement. 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If he shall become disabled while employed by the Company, the policy would provide for monthly disability coverage of up to 65% of his monthly base compensation payable to age 65 or death. If Mr. DeMedio&#8217;s employment with the Company would be terminated without cause, the Company has agreed, at its cost, to continue to provide Mr. DeMedio with health insurance benefits substantially similar to those which he is receiving immediately prior to the date of termination for a one year period following such termination.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On April 14, 2011, the Company and Mr. DeMedio entered into an additional amendment to the employment agreement. 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In connection with the amendment, Mr. DeMedio was issued 25,000 shares of common stock under the 2010 Stock Incentive Plan which vested as follows: 8,333 on April 14, 2011; 8,333 on April 14, 2012; and 8,334 on April 14, 2013.</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Effective July 1, 2011, Mr. DeMedio&#8217;s annual base salary was increased to $220,000.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On September 27, 2011, the Company and Mr. DeMedio entered into another amendment to his employment agreement pursuant to which Mr. DeMedio was granted an aggregate of 25,000 shares of common stock as a bonus for his performance during the last six months of the 2011 fiscal year which vest as follows: 8,333 on the date of signing the amendment; 8,333 on the first anniversary of such signing date; and 8,334 on the second anniversary of such signing date. Mr. DeMedio also agreed that the premiums for his supplemental long term disability policy being paid by the Company would now be included in his wages and be taxable to him.</font></div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On September 5, 2012, the Company discontinued Mr. DeMedio&#8217;s car allowance, supplemental disability insurance policy and life insurance policy, and the amount of his base salary was increased by the annual cost of these benefits.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On November 7, 2013, the Company and Mr. DeMedio, entered into an amendment to the employment agreement. 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SUBSEQUENT EVENTS</font></div> <div style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: 'times new roman'; font-size: 10pt; font-style: italic; display: inline;">SALE LEASEBACK</font></div> <div style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: 'times new roman'; font-size: 10pt; display: inline;">In July, 2014, Varilease completed the purchase from the Company of the ePort equipment described in the last four of the Sale Leaseback Agreements for an aggregate of $4,993,879, and pursuant to the corresponding Schedules, the Company is obligated to pay to Varilease a base monthly rental of $137,731 for this equipment during the 36-month lease term. 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Herbert, Chairman and Chief Executive Officer, and David M. DeMedio, Chief Financial Officer. Upon the recommendation of the Compensation Committee, the Board also approved an award of options to purchase common stock under the Company&#8217;s 2014 Stock Option Incentive Plan to each of Messrs. 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Mr. DeMedio was also awarded non-qualified stock options to purchase up to 90,000 shares at an exercise price of $1.80 per share. The options vest as follows: one-third on September 1, 2015; one-third on September 1, 2016; and one-third on September 1, 2017. 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Included in accounts receivable are amounts for transactions processed with our card processers for which cash has not been received by the Company and included in accounts payable are amounts for transactions processed with our card processers and due to our customers, which are recorded net of fees due to the Company. 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BUSINESS</font></div> <div align="justify" style="font: 13.63px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2">&#160;</font></div> <div align="justify" style="font: 13.63px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2">USA Technologies, Inc. (the &#8220;Company&#8221;, &#8220;We&#8221;, &#8220;USAT&#8221;, or &#8220;Our&#8221;) was incorporated in the Commonwealth of Pennsylvania in January 1992. We are a provider of technology-enabled solutions and value-added services that facilitate electronic payment transactions primarily within the unattended Point of Sale (&#8220;POS&#8221;) market. We are a leading provider in the small ticket, beverage and food vending industry and are expanding our solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk, taxi and others. Since our founding, we have designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (&#8220;M2M&#8221;) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing our electronic payment solutions. 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If funds are insufficient for this distribution, the assets available will be distributed ratably among the preferred shareholders.</font></div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline;">12. COMMON STOCK</font></div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: 'times new roman'; font-size: 10pt; display: inline;">The Company&#8217;s Board of Directors has authorized various compensation plans. 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During the years ended June 30, 2014, 2013 and 2012, the Company issued 6,668, 62,942 and 120,472 shares under the plan totaling $6,024, $68,723 and $248,851, respectively based on the grant date fair value of the shares. 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During the years ended June 30, 2014, 2013 and 2012, the Company issued 51,667, 96,665 and 141,666 shares under the plan totaling $17,366, $157,645 and $335,636, respectively based on the grant date fair value of the shares. 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During the years ended June 30, 2014 and 2013, the Company issued 131,203 and 279,806 shares under the plan totaling $505,651 and $276,539, respectively based on the grant date fair value of the shares. During the year ended June 30, 2012, the Company did not issue any shares under the plan and recorded $197,613 related to the vesting of shares to be issued under this plan. 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During the years ended June 30, 2014 and 2013, the Company issued 0 and 47,620 shares of Common Stock and recorded $0 and $66,668 of expense, respectively for this grant. 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The number of eligible shares to be awarded to the executives is based upon the following weightings:&#160;30% by the total number of connections; 30% by total revenues; 10% by operating expenses; and 30% by operating earnings. 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In such event, the executives would be required to utilize the cash payment, net of any withholding, payroll or other taxes attributable to the cash payment, to purchase shares of common stock of the Company on the open market.</font></div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: 'times new roman'; font-size: 10pt; display: inline;">As of September 15, 2011 and through June 27, 2012, there were not sufficient shares available under the existing 2011 stock incentive plan or another stock plan that had been approved by the shareholders of the Company; consequently, the Company may have been required to deliver to the executives an amount of cash equal to the value of shares earned but not available to be issued to the executives. Therefore, in accordance with ASC Topic 718, &#8220;Stock Compensation&#8221;, this award was accounted for as a liability of the Company through June 27, 2012. On June 28, 2012, the Company&#8217;s shareholders approved the 2012 Stock Incentive Plan, which includes sufficient shares for the 2012 Performance Plan. Accordingly, for the fiscal year ended June 30, 2012 the Company recorded stock compensation expense of $197,613 for the vesting of 136,285 shares of Common Stock &#8211; 96,201 shares to Mr. Herbert and 40,084 shares to Mr. DeMedio. 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Under the 2013 Performance Plan, each executive officer would be awarded common stock in the event the Company achieves certain performance goals during the fiscal year ended June 30, 2013. The metrics under the 2013 Performance Plan as well as the relative weightings of these metrics are identical to those originally set forth in the 2012 Performance Plan. 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If all of the minimum, threshold performance target goals are achieved, the executive officers would be awarded shares having the following value: Mr. Herbert &#8211; $75,000; and Mr. DeMedio &#8211; $25,000. If all of the maximum, distinguished performance target goals are achieved, the executive officers would be awarded shares having the following value: Mr. Herbert &#8211; $550,000; and Mr. DeMedio &#8211; $200,000. If the actual results for the fiscal year are less than the target goals (but greater than the minimum, threshold performance target goals), each executive would be awarded a lesser pro rata number of shares from the target goal, if actual results are between target and maximum, then a pro rata number of shares between target and maximum is earned, and if actual results are above maximum (distinguished) than pro rata shares above maximum is earned.</font></div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">&#160;</div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: 'times new roman'; font-size: 10pt; display: inline;">As of September 5, 2012 and through June 20, 2013, there were not sufficient shares for the maximum awards available under the existing 2012 stock incentive plan or another stock plan that had been approved by the shareholders of the Company; consequently, the Company may have been required to deliver to the executives an amount of cash equal to the value of shares earned but not available to be issued to the executives. Therefore, in accordance with ASC Topic 718, &#8220;Stock Compensation&#8221;, this award was accounted for as a liability of the Company through June 20, 2013. On June 21, 2013, the Company&#8217;s shareholders approved the 2013 Stock Incentive Plan, which includes sufficient shares for the 2013 Performance Plan. Accordingly, for the fiscal year ended June 30, 2013, the Company recorded stock compensation expense of $19,167 for the vesting of 11,016 shares of Common Stock &#8211; 8,142 shares to Mr. Herbert and 2,874 shares to Mr. DeMedio. 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The CFO was awarded 21,000 vested shares of common stock of the Company as a bonus in recognition of his performance during the 2013 fiscal year. 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