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Registration Rights
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9 Months Ended |
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Mar. 31, 2012
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| Business Combinations [Abstract] | |
| Acquisitions Rights Agreement [Text Block] |
Registration Rights Agreement between the Company and the Nautilus Sellers
On September 2, 2011, in connection with the purchase of the non-controlling interests in NP (See Note 2), the Company and the Nautilus Sellers entered into a Registration Rights Agreement (“RRA”), pursuant to which the Company granted to the Nautilus Sellers certain registration rights with respect to the shares (“Registrable Securities”) owned by each Nautilus Seller and issued under the Nautilus PSA. On October 14, 2011, the Company filed a registration statement on Form S-3 with the U.S. Securities Exchange Comission to register for public resale 1,182,742 shares of the Company’s common stock acquired in the Nautilus Restructuring by the Nautilus Sellers (the “Registration Statement”). On November 18, 2011, the Registration Statement on Form S-3 became effective. The Company agreed to pay all expenses associated with the registration of the Registrable Securities except the fees and disbursements of counsel to the Nautilus Sellers. The Company has no continuing obligation related to the RRA.
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