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(4) Intangible Assets: Identifiable intangible assets and their useful lives (Tables)
12 Months Ended
Jun. 30, 2014
Tables/Schedules  
Identifiable intangible assets and their useful lives

 

 

 

 

 

 

 

 

2014

 

2013

 

 

 

 

 

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

 

(537,800)

 

(493,162)

 

 

 

Net carrying amount

$

235,440

 

280,078