Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

v2.4.0.6
INTANGIBLE ASSETS (Tables)
3 Months Ended
Sep. 30, 2012
Schedule of Finite-Lived Intangible Assets [Table Text Block] Intangible assets consist of the following:

 

 

 

 

 

 

 

 

 

 

September
30, 2012

 

June 30,
2012

 

 

 


 


 

Intellectual property

 

$

3,100,000

 

$

3,100,000

 

Patents

 

 

1,742,081

 

 

1,684,388

 

 

 



 



 

 

 

 

4,842,081

 

 

4,784,388

 

 

 



 



 

Accumulated amortization - intellectual property

 

 

(1,348,335

)

 

(1,309,410

)

Accumulated amortization - patents

 

 

(656,129

)

 

(613,038

)

 

 



 



 

 

 

 

(2,004,464

)

 

(1,922,448

)

 

 



 



 

 

 

 

 

 

 

 

 

Net

 

$

2,837,617

 

$

2,861,940