XML 95 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Intangible Assets (Tables)
9 Months Ended 12 Months Ended
Mar. 31, 2014
Jun. 30, 2013
Intangible Assets [Abstract]    
Summary of intangible assets

 
March 31
  
June 30
 
  
2014
  
2013
 
Moneytech and mPayments software
 $6,281,345  $5,239,641 
Domain name
  -   - 
Accumulated amortization
  (2,777,203)  (1,925,228)
  $3,504,142  $3,314,413 
 
 
   
2013
  
2012
 
Moneytech software
 $4,574,761  $5,101,997 
mPayments software
  664,880   - 
Domain name
  198,353   - 
Accumulated amortization
  (1,925,227)  (1,634,125)
   $3,512,767  $3,467,872 
 
Summary of amortization expense of intangible assets  
 
June 30, 2014
 $456,650 
June 30, 2015
  456,650 
June 30, 2016
  456,650 
June 30, 2017
  456,650 
June 30, 2018
  456,650 
Thereafter
  1,229,517 
Total
 $3,512,767