Intangible Assets

6 Months Ended

Dec. 31, 2011

Intangible Assets

Intangible Assets

5. Intangible Assets

The following table discloses information regarding the carrying amounts and associated accumulated amortization for intangible assets:

	(unaudited)
	December 31, 2011			June 30, 2011
Gross carrying amount	$	621,302		$	621,302
Accumulated amortization		(536,603	)		(520,169	)
Net carrying amount	$	84,699		$	101,133

Amortization expense related to intangible assets totaled approximately $16,000 during both six-month periods ended December 31, 2011 and 2010.  The net carrying amount will be amortized over the following schedule for the remainder of fiscal 2012 and each fiscal year thereafter:

2012	2013	2014	2015	Total
16,434	32,868	32,868	2,529	84,699