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Note 8 - Intangible Assets | 12 Months Ended
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Jun. 30, 2014
Disclosure Text Block [Abstract] |
Intangible Assets Disclosure [Text Block] | NOTE 8 – INTANGIBLE ASSETS Intangible assets consisted of the following:
|  | Product Licenses |  |  | Customer Lists |  |  | Technology |  |  | Total |
Intangible assets - June 30, 2012 - cost |  | $ | 42,072,047 |  |  | $ | 6,052,377 |  |  | $ | 242,702 |  |  | $ | 48,367,126 |
Additions |  |  | 4,669,512 |  |  |  | - |  |  |  | - |  |  |  | 4,669,512 |
Effect of translation adjustment |  |  | (1,904,001 | ) |  |  | - |  |  |  | - |  |  |  | (1,904,001 | )
Accumulated amortization |  |  | (15,727,599 | ) |  |  | (5,867,437 | ) |  |  | (84,947 | ) |  |  | (21,679,983 | )
Net balance - June 30, 2013 |  | $ | 29,109,959 |  |  | $ | 184,940 |  |  | $ | 157,755 |  |  | $ | 29,452,654 |
Intangible assets - June 30, 2013 - cost |  | $ | 44,837,558 |  |  | $ | 6,052,378 |  |  | $ | 242,702 |  |  | $ | 51,132,638 |
Additions |  |  | 3,385,151 |  |  |  | - |  |  |  | - |  |  |  | 3,385,151 |
Deletion |  |  | (591,216 | ) |  |  |  |  |  |  |  |  |  |  | (591,216 | )
Effect of translation adjustment |  |  | 1,000,875 |  |  |  | - |  |  |  | - |  |  |  | 1,000,875 |
Accumulated amortization |  |  | (20,050,310 | ) |  |  | (5,940,633 | ) |  |  | (133,487 | ) |  |  | (26,124,430 | )
Net balance - June 30, 2014 |  | $ | 28,582,058 |  |  | $ | 111,745 |  |  | $ | 109,215 |  |  | $ | 28,803,018 |
(A) | Product Licenses
Product licenses include internally-developed original license issues, renewals, enhancements, copyrights, trademarks, and trade names. Product licenses are amortized on a straight-line basis over their respective lives, and the unamortized amount of 28,582,058 will be amortized over the next 9.75 years. Amortization expense for the years ended June 30, 2014 and 2013 was $3,568,366 and $1,905,008, respectively. The Company discontinued two software products during the fiscal year ended June 30, 2014 and fully amortized them as of June 30, 2014. The amount of amortization related to these two products was $1,348,631 and is recorded under cost of revenues as depreciation and amortization expense in the accompanying consolidated statements of operations.
(B) | Customer Lists
Customer lists are being amortized on a straight-line basis over five years, which approximates the anticipated rate of attrition. The unamortized balance of $111,745 will be amortized over the next 2.25 years. Amortization expense for the years ended June 30, 2014 and 2013 was $75,578 and $120,804, respectively.
(C) | Technology
Technology assets are being amortized on a straight-line basis over five years, which approximates the anticipated rate of attrition. The unamortized balance of $109,215 will be amortized over next 2.25 years. Amortization expense for the years ended June 30, 2014 and 2013 was $50,870 and $49,075, respectively.
(D) | Future Amortization
Estimated amortization expense of intangible assets over the next five years is as follows:
Year ended |  |  |
June 30, 2015 |  | $ | 3,713,947 |
June 30, 2016 |  |  | 3,289,184 |
June 30, 2017 |  |  | 3,215,520 |
June 30, 2018 |  |  | 3,190,976 |
June 30, 2019 |  |  | 3,190,976 |
Thereafter |  |  | 12,202,415 |
|  | $ | 28,803,018 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 + Details
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