Acquired Intangible Assets

3 Months Ended

Sep. 30, 2014

Acquired Intangible Assets [Abstract]

Acquired Intangible Assets

ACQUIRED INTANGIBLE ASSETS

	As of September 30, 2014
	Cost		Accumulated Amortization			Net
Technology Assets	$	699,206	$	(491,248	)	$	207,958
Customer Assets	874,257		(400,986		)	473,271
Total	$	1,573,463	$	(892,234	)	$	681,229
	As of June 30, 2014
	Cost		Accumulated Amortization			Net
Technology Assets	$	699,206	$	(473,043	)	$	226,163
Customer Assets	874,257		(375,102		)	499,155
Total	$	1,573,463	$	(848,145	)	$	725,318

The weighted average amortization periods for acquired technology and customer intangible assets are approximately five years and six years, respectively.

The following table shows the estimated future amortization expense for the fiscal years indicated below. This calculation assumes no future adjustments to acquired intangible assets:

	Fiscal years ending June 30,
2015 (nine months ended June 30)	$	130,260
2016	149,415
2017	132,222
2018	119,535
2019 and beyond	149,797
Total	$	681,229