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Acquired Intangible Assets
 9 Months Ended
Mar. 31, 2014
Acquired Intangible Assets [Abstract]  
Acquired Intangible Assets
ACQUIRED INTANGIBLE ASSETS
 
As of March 31, 2014
 
Cost
 
Accumulated Amortization
 
Net
Technology Assets
$
699,206

 
$
(454,836
)
 
$
244,370

Customer Assets
874,257

 
(348,467
)
 
525,790

Total
$
1,573,463

 
$
(803,303
)
 
$
770,160

 
 
 
 
 
 
 
As of June 30, 2013
 
Cost
 
Accumulated Amortization
 
Net
Technology Assets
$
557,039

 
$
(403,126
)
 
$
153,913

Customer Assets
503,781

 
(294,079
)
 
209,702

Total
$
1,060,820

 
$
(697,205
)
 
$
363,615



The weighted average amortization periods for acquired technology and customer intangible assets are approximately five years and six 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,
2014 (three months ending June 30)
$
44,842

2015
174,349

2016
149,415

2017
132,222

2018 and beyond
269,332

Total
$
770,160