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NOTE 7 - OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intagible Assets - Net

Other Intangible Assets - Net

 

   As of June 30,
   2014  2013
Capitalized software developmentcosts  $7,418,436   $7,668,959 
Patents and copyrights   4,408,011    4,193,800 
Non-competition agreements   4,100,000    4,100,000 
Customer relationships   3,800,000    3,800,000 
    19,726,447    19,762,759 
Less: Accumulated amortization   9,217,604    7,858,511 
Other Intangible Assets - Net  $10,508,843   $11,904,248 

 

Schedule Of Other Intangle Assets

Schedule of Other Intangible Assets

 

   As of June 30,
   2014  2013
Balance – Beginning of Year  $11,904,248   $3,835,179 
Amounts capitalized   214,211    9,359,907 
Abandon software or patents written off   (250,523)   (66,619)
Impairment of management agreement   —      (357,500)
Amortization   (1,359,093)   (866,719)
Balance – End of Year  $10,508,843   $11,904,248 

 

Amortization of Other Intangible Assets

Amortization of Intangible Assets - Net

 

For the Years Ending June 30,  Total  Patents and Copyrights  Capitalized Software Development Costs  Non-
competition
  Customer Relationships
 2015   $1,328,315   $189,559   $363,042   $585,714   $190,000 
 2016    1,347,439    205,114    366,611    585,714    190,000 
 2017    1,368,582    220,668    372,200    585,714    190,000 
 2018    1,329,294    230,647    322,933    585,714    190,000 
 2019    1,043,968    228,665    39,589    585,714    190,000 
 

Thereafter

    4,091,245    1,104,100    —      390,478    2,596,667 
     $10,508,843   $2,178,753   $1,464,375   $3,319,048   $3,546,667