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Acquired Intangible Assets
 12 Months Ended
Jun. 30, 2012
Acquired Intangible Assets [Abstract]  
Acquired Intangible Assets
ACQUIRED INTANGIBLE ASSETS
 
 
As of June 30, 2012
 
Cost
 
Accumulated Amortization
 
Net
Technology Assets*
$
473,008

 
$
(309,517
)
 
$
163,491

Customer Assets
374,396

 
(225,324
)
 
149,072

Total
$
847,404

 
$
(534,841
)
 
$
312,563

 
 
 
 
 
 
 
As of June 30, 2011
 
Cost
 
Accumulated Amortization
 
Net
Technology Assets
$
428,595

 
$
(224,965
)
 
$
203,630

Customer Assets
313,419

 
(172,054
)
 
141,365

Total
$
742,014

 
$
(397,019
)
 
$
344,995



The weighted average amortization period for acquired technology and customer intangible assets is approximately five years and seven years, respectively.
The following table shows the estimated future amortization expense for the fiscal years indicated below. This calculation assumes no future adjustments to acquired intangible assets:
 
 
Fiscal years ending
June  30,
2013
$
135,546

2014
76,966

2015
53,268

2016
28,322

2017 and beyond
18,461

 
 
Total
$
312,563

 
*
Included in Technology Assets are certain patents we acquired on November 15, 2011. The total purchase price of these patents was $0.6 million. Payment terms under the agreement required us to pay $0.2 million upon signing the purchase agreement, $0.2 million 18 months following the purchase date and a final payment of $0.2 million two years following the purchase date. The purchase of these patents is considered to be the acquisition of “defensive intangible assets” and has been accounted for under ASC Topic 350-30-25 “General Intangibles Other than Goodwill”, as well as in accordance with ASC Topic 805-50-5 “Acquisition of Assets Rather than a Business”. The patents have an amortization period of approximately 11 years.