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Intangible Assets - net | 12 Months Ended
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Jun. 30, 2013
Intangible Assets - Net |
Intangible Assets - net | 5. Intangible Assets – net Intangible assets consist of the following:
|  | June 30, 2013 |  |  | June 30, 2012 |
Gross carrying amount |  | $ | 621,302 |  |  | $ | 621,302 |
Accumulated amortization |  |  | (585,905 | ) |  |  | (553,037 | )
Net carrying amount |  | $ | 35,397 |  |  | $ | 68,265 |
Amortization expense related to intangible assets totaled approximately $33,000 during the fiscal years ended June 30, 2013 and 2012. The amount of the June 30, 2013, net intangible asset value is expected to be fully amortized by the end of fiscal 2015, with annual amortization estimated as follows:
2014 |  | 2015 |  | Total
32,868 |  | 2,529 |  | 35,397

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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 Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: 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=26713463&loc=d3e16373-109275 Reference 3: 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=26713463&loc=d3e16265-109275 + Details
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