6. INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

Intangible assets are comprised of the following as of December 31, 2012 and June 30, 2012:

	December 31, 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		(1,423,996	)		(1,054,975	)
Intangible Assets, Net	$	774,101		$	1,143,122

Estimated amortization expense for fiscal periods subsequent to December 31, 2012 are as follows:

2013	$	362,992
2014		411,109
	$	774,101