Intellectual Property

9 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note 6. Intellectual Property

		March 31, 2012							June 30, 2011
Description	Amortization Period	Amount		Accumulated Amortization			Carrying Value		Amount		Accumulated Amortization		Carrying Value
Intellectual Property	36 months	$	4,735	$	(701	)	$	4,034	$	--	$	--	$	--
Total			4,735		(701	)		4,034		--		--		--

Amortization of intellectual property charges to selling, general and administrative expenses for the 9 months ended March 31, 2012 amounted to $701.  Future annual amortization expense expected is as follows:

Years Ending June 30,
2012	$	395
2013		1,578
2014		1,578
2015		789
2016		---