(4) Intangible Assets

12 Months Ended

Jun. 30, 2016

Notes

(4) Intangible Assets

(4)     Intangible Assets

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

			2016		2015
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
Total identifiable intangibles			700,000		700,000
Less accumulated amortization			(539,877)		(509,197)
	Net carrying amount	$	160,123	$	190,803

Amortization expense associated with the intangible assets was $30,680 and $44,637 for the fiscal years ended June 30, 2016 and 2015, respectively. Estimated amortization expense for the identifiable intangibles is expected to be as follows: 2017, $30,680; 2018, $26,430; 2019, $26,430; 2020, $26,430; 2021, $20,420 and thereafter $29,733.