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Intangible Assets - net | 12 Months Ended
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Jun. 30, 2012
Notes to Financial Statements |
Intangible Assets | 5. Intangible Assets – net Intangible assets consist of the following:
|  |  | June 30, 2012 |  |  | June 30, 2011 |
| Gross carrying amount |  | $ | 621,302 |  |  | $ | 621,302 |
| Accumulated amortization |  |  | (553,037 | ) |  |  | (520,169 | )
| Patents and Trademarks |  | $ | 68,265 |  |  | $ | 101,133 |
Amortization expense related to intangible assets totaled approximately $33,000 during the fiscal years ended June 30, 2012 and 2011. The amount of the June 30, 2012, net intangible asset value is expected to be fully amortized by the end of fiscal 2015, with annual amortization estimated as follows:
2013 | 2014 | 2015 | Total
32,868 | 32,868 | 2,529 | 68,265

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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-Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44, 45, 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.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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