6. INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 6– INTANGIBLE ASSETS

Intangible assets are comprised of the following as of March 31, 2013 and June 30, 2012:

	March 31, 2013			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		(1,604,507	)		(1,054,975	)
Intangible Assets, Net	$	593,590		$	1,143,122

Estimated amortization expense for fiscal periods subsequent to March 31, 2013 is as follows:

2013	$	182,499
2014		411,109
	$	593,590