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(4) Intangible Assets: Identifiable intangible assets and their useful lives (Tables)
12 Months Ended
Jun. 30, 2013
Tables/Schedules  
Identifiable intangible assets and their useful lives

 

 

 

 

 

 

 

 

 

2013

 

2012

 

 

 

 

 

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

 

(493,162)

 

(448,525)

 

 

 

Net carrying amount

$

280,078

 

324,715