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CUSTOMER RELATIONSHIPS | 12 Months Ended
--- | ---
Jun. 30, 2014
Notes to Financial Statements |
NOTE 7 - CUSTOMER RELATIONSHIPS | Customer relationships consist of the following at June 30:
|  | 2014 |  |  | 2013 |
Customer relationships |  | $ | 4,223,161 |  |  | $ | 4,223,161 |
Less accumulated amortization |  |  | (2,305,142 | ) |  |  | (1,882,826 | )
|  | $ | 1,918,019 |  |  | $ | 2,340,335 |
Amortization expense for the years ended June 30, 2014 and 2013 was $422,316 and $422,316, respectively. Estimated aggregate amortization expense is as follows:
Year ending June 30: |  |  |
2015 | $ |  | 422,316 |
2016 | $ |  | 422,316 |
2017 | $ |  | 422,316 |
2018 | $ |  | 422,316 |
2019 | $ |  | 228,755 |
Thereafter | $ |  | - |

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