RESTRICTED CASH	9 Months Ended
Mar. 31, 2012
Notes to Financial Statements
RESTRICTED CASH	As of March 31, 2012 and June 30, 2011, the Company had restricted cash of $19,937,018 and $12,904,460, respectively. These restricted cash balances are reserved for settlement of trade notes payable and open letter of credit in connection with inventory purchases. The cash held in custody by bank issuing the trade notes payable and letter of credit is restricted as to withdrawal or use, and is currently earning interest.

RESTRICTED CASH

9 Months Ended

Mar. 31, 2012

As of March 31, 2012 and June 30, 2011, the Company had restricted cash of $19,937,018 and $12,904,460, respectively. These restricted cash balances are reserved for settlement of trade notes payable and open letter of credit in connection with inventory purchases. The cash held in custody by bank issuing the trade notes payable and letter of credit is restricted as to withdrawal or use, and is currently earning interest.

- Definition

Tabular disclosure of the cash and cash items which are restricted as to withdrawal or usage. The provisions of any restrictions are described in a note to the financial statements. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.

+ References+ Details

Jpak Group, Inc. 10-Q