6. INTANGIBLE ASSETS (Tables)
 3 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible assets

Intangible assets are comprised of the following as of September 30, 2012 and June 30, 2012:

 

    September 30, 2012     June 30, 2012  
Non-compete agreement   $ 310,888     $ 310,888  
License agreement                                                     288,087       288,087  
Trade secrets     1,599,122       1,599,122  
Total, at cost     2,198,097       2,198,097  
Less, accumulated amortization     (1,239,479 )     (1,054,975 )
Intangible Assets, Net   $ 958,618     $ 1,143,122  
Estimated amortization expense

Estimated amortization expense for fiscal periods subsequent to September 30, 2012 are as follows:

 

2013   $ 547,496  
2014     411,122  
    $ 958,618