6. INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2014

Notes to Financial Statements

INTANGIBLE ASSETS

NOTE 6– INTANGIBLE ASSETS

Intangible assets are comprised of the following as of March 31, 2014 and June 30, 2013:

	March 31, 2014			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		(2,198,097	)		(1,787,024	)
Intangible Assets, Net	$	-		$	411,073

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