Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
 9 Months Ended
Mar. 31, 2013
Schedule of Finite-Lived Intangible Assets [Table Text Block] The following table summarizes by category the gross carrying value and accumulated amortization of intangible assets:
    March 31,
2013 		    June 30,
2012 		 
Intellectual property – gross carrying value   $ 3,100,000     $ 3,100,000  
Patents – gross carrying value     1,838,025       1,684,388  
      4,938,025       4,784,388  
Intellectual property – accumulated amortization     (1,426,185 )     (1,309,410 )
Patents – accumulated amortization     (745,964 )     (613,038 )
      (2,172,149 )     (1,922,448 )
Net intangible assets   $ 2,765,876     $ 2,861,940