Other Intangible Assets

3 Months Ended

Sep. 30, 2012

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		September 30, 2012			June 30, 2012
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.		70,000			64,000
				10,282,000			10,276,000
Less accumulated amortization				(2,629,000	)		(2,374,000	)
Total other intangible assets			$	7,653,000		$	7,902,000

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 three month periods ended September 30, 2012 and September 30, 2011 amounted to $255,000 in both periods. A summary of the estimated amortization expense for the next five years is as follows:

Fiscal years ended June 30,
2013	$	715,000
2014	$	812,000
2015	$	812,000
2016	$	812,000
2017	$	639,000

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