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Intangible Assets
 12 Months Ended
Jun. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

 

4.  Intangible Assets,
net  		 Franchise license, trademarks and other intangible assets consist of the following:

  

   Estimated
Useful Lives
(in years)		   June 30,
2012		   June 30,
2011		 
             
Franchise license agreements   10   $529,500   $529,500 
Trademarks, patents and
  Tradenames		   10-15    230,129    230,129 
         759,629    759,629 
Less accumulated amortization        (693,739)   (680,350)
        $65,890   $79,279 

 

 

Amortization expense was $13,389 in fiscal 2012 and $16,360 in fiscal 2011.

Based on the carrying amount of intangibles as of June 30, 2012, and assuming no future impairment of the underlying assets, the estimated future amortization at the end of each fiscal year is as follows:

 

Years ending June 30,    
      
2013  $12,891 
2014   12,396 
2015   8,348 
2016   6,785 
2017   6,468 
2018-2020   19,002 
   Total  $65,890