Note 7 - Intangible Assets

12 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

7. Intangible Assets

The following is a summary of the carrying amount, accumulated amortization and the resulting net book value of intangible assets:

June 30, 2014

	Carrying amount		Accumulated amortization		Impairment charge		Net book value
Customer list	$	10,234,000	$	7,173,000	$	80,000	$	2,981,000
Trade name		3,931,000		1,549,000		—		2,382,000
Intellectual property		1,324,000		1,324,000		—		—
Total intangible assets	$	15,489,000	$	10,046,000	$	80,000	$	5,363,000

June 30, 2013

	Carrying amount		Accumulated amortization		Impairment charge		Net book value
Customer list	$	10,234,000	$	6,648,000	$	—	$	3,586,000
Trade name		3,931,000		1,247,000		—		2,684,000
Intellectual property		1,324,000		1,324,000		—		—
Total intangible assets	$	15,489,000	$	9,219,000	$	—	$	6,270,000

While the CFD business is consistently profitable and experiencing growth in revenue, its earnings have been less than the levels forecasted at the time of the acquisition. Following an assessment of the fair value of the CFD business, impairment charges were recorded to reduce the book value of goodwill and the value of the acquired customer list.

Amortization expense for intangible assets for the years ended June 30, 2014 and June 30, 2013 was $828,000 and $845,000, respectively. Future estimated amortization expense for intangibles assets is as follows: $781,000 in 2015, $752,000 in 2016, $709,000 in 2017, $431,000 in 2018, $377,000 in 2019 and $2,313,000 thereafter.