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Intangible Assets
 6 Months Ended
Dec. 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)     
   December 31, 2013   June 30, 2013 
         
         
Gross carrying amount  $621,302   $621,302 
Accumulated amortization   (602,339)   (585,905)
Net carrying amount  $18,963   $35,397 

 

Amortization expense related to intangible assets totaled approximately $16,000 during both six-month periods ended December 31, 2013 and 2012. The net carrying amount will be amortized over the following schedule for the remainder of fiscal 2014 and fiscal 2015:

 

 2014    2015    Total 
 16,434    2,529    18,963