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Acquired Intangible Assets | 12 Months Ended
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Jun. 30, 2012
Acquired Intangible Assets [Abstract] |
Acquired Intangible Assets | ACQUIRED INTANGIBLE ASSETS
| As of June 30, 2012
| Cost |  | Accumulated Amortization |  | Net
Technology Assets* | $ | 473,008 |  |  | $ | (309,517 | ) |  | $ | 163,491 |
Customer Assets | 374,396 |  |  | (225,324 | ) |  | 149,072 |
Total | $ | 847,404 |  |  | $ | (534,841 | ) |  | $ | 312,563 |
| As of June 30, 2011
| Cost |  | Accumulated Amortization |  | Net
Technology Assets | $ | 428,595 |  |  | $ | (224,965 | ) |  | $ | 203,630 |
Customer Assets | 313,419 |  |  | (172,054 | ) |  | 141,365 |
Total | $ | 742,014 |  |  | $ | (397,019 | ) |  | $ | 344,995 |
The weighted average amortization period for acquired technology and customer intangible assets is approximately five years and seven years, respectively. The following table shows the estimated future amortization expense for the fiscal years indicated below. This calculation assumes no future adjustments to acquired intangible assets:
| Fiscal years ending June 30,
2013 | $ | 135,546 |
2014 | 76,966 |
2015 | 53,268 |
2016 | 28,322 |
2017 and beyond | 18,461 |
Total | $ | 312,563 |
* | Included in Technology Assets are certain patents we acquired on November 15, 2011. The total purchase price of these patents was $0.6 million. Payment terms under the agreement required us to pay $0.2 million upon signing the purchase agreement, $0.2 million 18 months following the purchase date and a final payment of $0.2 million two years following the purchase date. The purchase of these patents is considered to be the acquisition of “defensive intangible assets” and has been accounted for under ASC Topic 350-30-25 “General Intangibles Other than Goodwill”, as well as in accordance with ASC Topic 805-50-5 “Acquisition of Assets Rather than a Business”. The patents have an amortization period of approximately 11 years.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44, 45, 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 + Details
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