Intangible Assets

3 Months Ended

Sep. 30, 2012

Intangible Assets

Intangible Assets

5. Intangible Assets

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

	(unaudited)
	September 30, 2012			June 30, 2012
Gross carrying amount	$	621,302		$	621,302
Accumulated amortization		(561,254	)		(553,037	)
Net carrying amount	$	60,048	#	$	68,265

Amortization expense related to intangible assets totaled approximately $8,000 during both quarters ended September 30, 2012 and 2011. The net carrying amount will be amortized over the following schedule for the remainder of fiscal 2013 and each fiscal year thereafter:

2013		2014		2015		Total
	24,651		32,868		2,529		60,048