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CUSTOMER RELATIONSHIPS
12 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
NOTE 7 - CUSTOMER RELATIONSHIPS

 

 Customer relationships consist of the following at June 30:

 

    2013     2012  
Customer relationships   $ 4,223,161     $ 4,223,161  
Less accumulated amortization     (1,882,826)       (1,460,510)  
    $ 2,340,335     $ 2,762,651  

 

Amortization expense for the years ended June 30, 2013 and 2012 was $422,316 and $422,316, respectively.

 

Estimated aggregate amortization expense is as follows:

 

Year ending June 30:      
2014     422,316  
2015     422,316  
2016     422,316  
2017     422,316  
2018     422,316  
Thereafter     228,755