Quarterly report pursuant to Section 13 or 15(d)

Registration Rights

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Registration Rights
6 Months Ended
Dec. 31, 2011
Business Combinations [Abstract]  
Acquisitions Rights Agreement [Text Block]

Note 5 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 (Note 4), 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 owned by each Nautilus Seller and issued under the Nautilus PSA (the “Registrable Securities”). On October 14, 2011, the Company filed a registration statement on Form S-3 with the SEC to register for public resale 1,182,742 shares of the Company's common stock acquired in the Nautilus Restructuring by the 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.