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Intangible Assets
 9 Months Ended
Mar. 31, 2013
Intangible Assets  
Intangible Assets

5. Intangible Assets

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

 

   (unaudited)     
   March 31, 2013   June 30, 2012 
           
Gross carrying amount  $621,302   $621,302 
Accumulated amortization   (577,688)   (553,037)
Net carrying amount  $43,614  $68,265 

 

Amortization expense related to intangible assets totaled approximately $25,000 during both nine-month periods ended March 31, 2013 and 2012. The net carrying amount will be amortized over the following schedule for the remainder of fiscal 2013 and each fiscal year thereafter:

2013   2014   2015   Total
8,217   32,868   2,529   43,614