Annual report pursuant to Section 13 and 15(d)

Concentrations of Credit Risk

v2.4.0.8
Concentrations of Credit Risk
12 Months Ended
Jun. 30, 2013
Concentrations Of Credit Risk  
Concentrations of Credit Risk
9. Concentrations
of Credit Risk
Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, accounts and trade receivables and leases and mortgages receivable.  The Company maintains its cash and cash equivalents, including a money market account, at a large bank. At June 30, 2013, bank deposits exceeded Federal Deposit Insurance Corporation limits by approximately $5,300,000. Concentrations of credit risk with respect to trade receivables are limited due to a large customer base.  Also, based on the Company’s credit evaluation, trade receivables are often collateralized by the equipment sold. Two customers, each provided more than 10% of fiscal 2013 revenues. No customer accounted for more than 10% of the Company’s revenues in fiscal 2012.