Intangible Assets (Tables)

9 Months Ended

Mar. 31, 2014

Intangible Asset [Abstract]

Schedule of intangible assets

Intangible assets consist of the following based on our preliminary determination of the fair value of identifiable assets acquired (see footnote 2). Clinical protocols have not yet been introduced to the marketplace:

	March 31, 2014
	Weighted Average Amortization Period (in Years)		Gross Carrying Amount		Accumulated Amortization		Net
Trade names		7	$	324,000	$	6,000	$	318,000
Licenses		7		354,000		7,000		347,000
Customer relationships		3		439,000		19,000		420,000
Device registration		7		141,000		3,000		138,000
Covenants not to compete		5		1,456,000		36,000		1,420,000
Clinical protocols				6,041,000		--		6,041,000
Total			$	8,755,000	$	71,000	$	8,684,000

Schedule of future amortization expense

Amortization of intangible assets was $71,000 for the three months ended March 31, 2014. Our estimated future amortization expense for years ended June 30, is as follows:

Year Ended June 30,
April 1 – June 30, 2014	$	139,000
2015		555,000
2016		555,000
2017		499,000
2018		408,000
Thereafter		487,000
Total	$	2,643,000