Intangible Assets

9 Months Ended

Mar. 31, 2012

5. Intangible Assets

The following table discloses information regarding the carrying amounts and associated accumulated amortization for intangible assets:

	(unaudited)
	March 31, 2012			June 30, 2011

Gross carrying amount	$	621,302		$	621,302
Accumulated amortization		(544,820	)		(520,169	)
Net carrying amount	$	76,482		$	101,133

Amortization expense related to intangible assets totaled approximately $25,000 during both nine-month periods ended March 31, 2012 and 2011. The net carrying amount will be amortized over the following schedule for the remainder of fiscal 2012 and each fiscal year thereafter:

2012				2013				2014				2015				Total
	8,217				32,868				32,868				2,529				76,482

- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References+ Details