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Note 8 - Intangible Assets | 6 Months Ended
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Dec. 31, 2013
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, 2013 - cost |  | $ | 44,837,558 |  |  | $ | 6,052,377 |  |  | $ | 242,702 |  |  | $ | 51,132,637 |
Additions |  |  | 2,312,919 |  |  |  | - |  |  |  | - |  |  |  | 2,312,919 |
Effect of translation adjustment |  |  | (1,533,894 | ) |  |  | - |  |  |  | - |  |  |  | (1,533,894 | )
Accumulated amortization |  |  | (16,709,748 | ) |  |  | (5,915,800 | ) |  |  | (109,217 | ) |  |  | (22,734,765 | )
Net balance - December 31, 2013 |  | $ | 28,906,835 |  |  | $ | 136,577 |  |  | $ | 133,485 |  |  | $ | 29,176,897 |
(A) Product Licenses Product licenses include internally-developed original license issues, renewals, enhancements, copyrights, trademarks, and trade names. Product licenses are being amortized on a straight-line basis over their respective lives, which is currently a weighted average of approximately 8 years. Amortization expense for the three and six months ended December 31, 2013 was $523,825 and $957,384, respectively. Amortization expense for the three and six months ended December 31, 2012 was $538,840 and $1,042,246, respectively. (B) Customer Lists Customer lists are being amortized based on a straight-line basis, which approximates the anticipated rate of attrition, which is currently a weighted average of approximately 5 years. Amortization expense for the three and six months ended December 31, 2013 was $18,832 and $48,880, respectively. Amortization expense for the three and six months ended December 31, 2012 was $30,496 and $60,782, respectively. (C) Technology Technology assets are being amortized on a straight-line basis over their respective lives, which is currently a weighted average of approximately 5 years. Amortization expense for the three and six months ended December 31, 2013 was $12,658 and $24,777 respectively. Amortization expense for the three and six months ended December 31, 2012 was $12,557 and $24,910, respectively. (D) Future Amortization Estimated amortization expense of intangible assets over the next five years is as follows:
Year ended: |  |  |
December 31, 2014 |  | $ | 2,840,303 |
December 31, 2015 |  |  | 2,347,211 |
December 31, 2016 |  |  | 1,938,760 |
December 31, 2017 |  |  | 1,871,549 |
December 31, 2018 |  |  | 1,832,323 |
Thereafter |  |  | 18,346,751 |
|  | $ | 29,176,897 |

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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 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 3: 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 + Details
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