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NOTE 7 - OTHER INTANGIBLE ASSETS | 12 Months Ended
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Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract] |
NOTE 7 - OTHER INTANGIBLE ASSETS | NOTE 7 - OTHER INTANGIBLE ASSETS Other intangible assets, net of accumulated amortization, at June 30, 2014 and 2013 are comprised of:
|  | As of June 30,
|  | 2014 |  | 2013
Capitalized software developmentcosts |  | $ | 7,418,436 |  |  | $ | 7,668,959 |
Patents and copyrights |  |  | 4,408,011 |  |  |  | 4,193,800 |
Non-competition agreements |  |  | 4,100,000 |  |  |  | 4,100,000 |
Customer relationships |  |  | 3,800,000 |  |  |  | 3,800,000 |
|  |  | 19,726,447 |  |  |  | 19,762,759 |
Less: Accumulated amortization |  |  | 9,217,604 |  |  |  | 7,858,511 |
|  | $ | 10,508,843 |  |  | $ | 11,904,248 |
Information related to the above intangible assets for the years ended June 30, 2014 and 2013 is as follows:
|  | As of June 30,
|  | 2014 |  | 2013
Balance – Beginning of Year |  | $ | 11,904,248 |  |  | $ | 3,835,179 |
Amounts capitalized |  |  | 214,211 |  |  |  | 9,359,907 |
Abandon software or patents written off |  |  | (250,523 | ) |  |  | (66,619 | )
Impairment of management agreement |  |  | — |  |  |  | (357,500 | )
Amortization |  |  | (1,359,093 | ) |  |  | (866,719 | )
Balance – End of Year |  | $ | 10,508,843 |  |  | $ | 11,904,248 |
Amortization of patents and copyrights for the years ended June 30, 2014 and 2013 amounted to $178,836 and $168,631, respectively. Amortization of capitalized software development costs for the years ended June 30, 2014 and 2013 was $407,876 and $335,350, respectively. Amortization of management agreement for the years ended June 30, 2014 and 2013 amounted to $0 and $100,833, respectively. Amortization of non-competition agreements for the years ended June 30, 2014 and 2013 amounted to $585,714 and $195,238, respectively. Amortization of customer relationships for the years ended June 30, 2014 and 2013 amounted to $186,667 and $66,667, respectively. The estimated amortization of other intangible assets for the five years ending June 30, 2019 and thereafter is as follows:
For the Years Ending June 30, |  | Total |  | Patents and Copyrights |  | Capitalized Software Development Costs |  | Non- competition |  | Customer Relationships
| 2015 |  |  | $ | 1,328,315 |  |  | $ | 189,559 |  |  | $ | 363,042 |  |  | $ | 585,714 |  |  | $ | 190,000 |
| 2016 |  |  |  | 1,347,439 |  |  |  | 205,114 |  |  |  | 366,611 |  |  |  | 585,714 |  |  |  | 190,000 |
| 2017 |  |  |  | 1,368,582 |  |  |  | 220,668 |  |  |  | 372,200 |  |  |  | 585,714 |  |  |  | 190,000 |
| 2018 |  |  |  | 1,329,294 |  |  |  | 230,647 |  |  |  | 322,933 |  |  |  | 585,714 |  |  |  | 190,000 |
| 2019 |  |  |  | 1,043,968 |  |  |  | 228,665 |  |  |  | 39,589 |  |  |  | 585,714 |  |  |  | 190,000 |
| Thereafter |  |  |  | 4,091,245 |  |  |  | 1,104,100 |  |  |  | — |  |  |  | 390,478 |  |  |  | 2,596,667 |
|  |  |  | $ | 10,508,843 |  |  | $ | 2,178,753 |  |  | $ | 1,464,375 |  |  | $ | 3,319,048 |  |  | $ | 3,546,667 |
The weighted average amortization period for other intangible assets is 11.0 years and they have no expected residual value.

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