Other Intangible Assets

6 Months Ended

Dec. 31, 2011

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 7 – Other Intangible Assets

Other intangible assets consist of the following:

Category	Life		December 31, 2011			June 30, 2011
Trade name		Indefinite	$	1,425,000		$	1,425,000
License		5.5 years		570,000			570,000
Non-Compete agreements		6 years		647,000			647,000
Technology		6 – 15 years		6,170,000			6,170,000
Customer & distributor relationships		7 years		1,400,000			1,400,000
Other		n.a.		37,000			37,000
				10,249,000			10,249,000
Less accumulated amortization				(1,862,000	)		(1,351,000	)
Total other intangible assets			$	8,387,000		$	8,898,000

Other intangible assets consist mainly of intangible assets acquired in the purchases of RTS ($1,712,000 on July 1, 2007) and SBX ($8,500,000 on January 1, 2011). The major portion of intangible assets ($8,787,000) is being amortized using the straight-line method. Intangible asset amortization for the six month periods ended December 31, 2011 and 2010 amounted to $511,000 and $120,000, respectively. A summary of the estimated amortization expense for the next five years is as follows:

Fiscal years ended June 30,
2012	$	1,023,000
2013	$	971,000
2014	$	812,000
2015	$	812,000
2016	$	812,000

Refer to Notes 2 and 3 to Consolidated Financial Statements (Unaudited) for additional information concerning other intangible assets.