6. INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2013

Notes to Financial Statements

INTANGIBLE ASSETS

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

	December 31, 2013			June 30,2013
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		(2,156,069	)		(1,787,024	)
Intangible Assets, Net	$	42,028		$	411,073

Estimated amortization expense for the fiscal period ending June 30, 2014 is $411,073.