Intangible Assets

9 Months Ended

Mar. 31, 2016

NOTE 5—INTANGIBLE ASSETS

Intangible assets consisted of the following:

	March 31,			June 30,
	2016			2015
Mobile platform	$	98,000		$	98,000
Patents		1,000			1,000
		99,000			99,000
Less:
Accumulated amortization		(80,538	)		(72,371	)
Impairment reserve		(18,462	)		-
Intangible assets, net	$	-		$	26,629

Amortization expense charged to operations for the nine months ended March 31, 2016 and 2015 was $8,167 and $36,203, respectively. Amortization expense charged to operations for the three months ended March 31, 2016 and 2015 was $0 and $10,468, respectively. During the nine months ended March 31, 2016, the Company reported an impairment loss of $18,462 over its intangible assets. The impairment loss during the nine months ended March 31, 2016 was due to the cessation of the Company’s plan of operation as a mobile technology provider, and corresponding write down of the Company’s intangible assets.