ACQUISITION RELATED INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Customer relationships

 Customer relationships consist of the following at June 30:

	2016		2015
Customer relationships	$	5,537,161	$	5,537,161
Less accumulated amortization		(4,354,561)		(2,727,458	)
Less impairment charge		-		(1,495,703	)
	$	1,182,600	$	1,314,000

Estimated aggregate amortization expense

Estimated aggregate amortization expenses per year are as follows:

Years ending June 30:
2017	131,400
2018	131,400
2019	131,400
2020	131,400
Thereafter	657,000