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Intangible Assets
 9 Months Ended
Mar. 31, 2014
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, 2014     June 30, 2013  
                 
Gross carrying amount   $ 621,302     $ 621,302  
Accumulated amortization     (607,857 )     (585,905 )
Net carrying amount   $ 13,445     $ 35,397  

 

Amortization expense related to intangible assets totaled approximately $22,000 and $24,000 during the nine-month periods ended March 31, 2014 and 2013, respectively. The net carrying amount will be amortized over the following schedule for the remainder of fiscal 2014 and fiscal 2015:

 

  2014       2015       Total  
  10,916       2,529       13,445