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Note 8 - Intangible Assets | 3 Months Ended
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Sep. 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, 2014 - Cost |  | $ | 48,632,368 |  |  | $ | 6,052,377 |  |  | $ | 242,702 |  |  | $ | 54,927,447 |
Additions |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Effect of Translation Adjustment |  |  | (2,776,099 | ) |  |  | - |  |  |  | - |  |  |  | (2,776,099 | )
Accumulated Amortization |  |  | (19,579,231 | ) |  |  | (5,953,049 | ) |  |  | (242,702 | ) |  |  | (25,774,982 | )
Net Balance - September 30, 2014 |  | $ | 26,277,038 |  |  | $ | 99,328 |  |  | $ | - |  |  | $ | 26,376,366 |
(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 $26,277,038 will be amortized over the next 9.5 years. Amortization expense for the three months ended September 30, 2014 and 2013 was $882,675 and $433,559, respectively. (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 $99,328 will be amortized over the next two years. Amortization expense for the three months ended September 30, 2014 and 2013 was $13,368 and $30,048, respectively. (C) Technology Technology assets are being amortized on a straight-line basis over five years, which approximates the anticipated rate of attrition. Amortization expense for the three months ended September 30, 2014 and 2013 was $117,590 and $12,119, respectively. (D) Future Amortization Estimated amortization expense of intangible assets over the next five years is as follows:
Year ended: |  |  |
September 30, 2015 |  | $ | 3,384,397 |
September 30, 2016 |  |  | 3,081,686 |
September 30, 2017 |  |  | 3,032,026 |
September 30, 2018 |  |  | 3,032,026 |
September 30, 2019 |  |  | 2,999,054 |
Thereafter |  |  | 10,847,177 |
|  | $ | 26,376,366 |

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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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