6. INTANGIBLE ASSETS

3 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

Intangible assets are comprised of the following as of September 30, 2012 and June 30, 2012:

	September 30, 2012			June 30, 2012
Non-compete agreement	$	310,888		$	310,888
License agreement		288,087			288,087
Trade secrets		1,599,122			1,599,122
Total, at cost		2,198,097			2,198,097
Less, accumulated amortization		(1,239,479	)		(1,054,975	)
Intangible Assets, Net	$	958,618		$	1,143,122

Estimated amortization expense for fiscal periods subsequent to September 30, 2012 are as follows:

2013	$	547,496
2014		411,122
	$	958,618