Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

v2.4.0.6
INTANGIBLE ASSETS (Tables)
 6 Months Ended
Dec. 31, 2012
Schedule of Finite-Lived Intangible Assets [Table Text Block] Intangible assets consist of the following:
    December 31,
2012 		    June 30,
2012 		 
Intellectual property   $ 3,100,000     $ 3,100,000  
Patents     1,793,049       1,684,388  
      4,893,049       4,784,388  
Accumulated amortization - intellectual property     (1,387,260 )     (1,309,410 )
Accumulated amortization - patents     (700,340 )     (613,038 )
      (2,087,600 )     (1,922,448 )
                 
Net   $ 2,805,449     $ 2,861,940