Intangible Assets

9 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

7. Intangible Assets

The following table sets forth intangible assets as follows:

	March 31, 2016						June 30, 2015
	Gross  Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value		Useful Life In Years
Trademarks	$	550,000	$	13,110	$	536,890		-		-	$	-		7
Acquired technologies		1,794,000		66,937		1,727,063		-		-		-		3-5
Total	$	2,344,000	$	80,047	$	2,263,953	$	-	$	-	$	-

Amortization expense was approximately $80,000 for both the three and nine months ended March 31, 2016. Amortization expense for the next five fiscal years and thereafter is expected to be as follows:

June 30,
2016 (three months)	$	113,500
2017		450,300
2018		450,300
2019		362,300
2020		237,300
2021		236,100
Thereafter		414,153
	$	2,263,953