(4) Intangible Assets

12 Months Ended

Jun. 30, 2012

Notes

(4) Intangible Assets

(4)        Intangible Assets

Identifiable intangible assets and their useful lives consist of the following as of June 30:

			2012	2011
Trade name – 15 years		$	339,400	339,400
Domain name – 15 years			5,400	5,400
Non-compete covenant – 4 years			149,400	149,400
Customer relationships – 7 years			120,000	120,000
Trademark licensing agreement – 20 years			45,000	45,000
Backlog of orders – 3 months			2,700	2,700
Customer database – 7 years			38,100	38,100
License agreement – 10 years			73,240	73,240
Total identifiable intangibles			773,240	773,240
Less accumulated amortization			(448,525)	(403,888)
	Net carrying amount	$	324,715	369,352

Amortization expense associated with the intangible assets was $44,637 and $83,206 for fiscal years 2012 and 2011, respectively. Estimated amortization expense for the identifiable intangibles is expected to be as follows: 2013, $44,637; 2014, $44,637; 2015, $30,680; 2016, $30,680; 2017, $30,680 and thereafter $143,400.