Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) |
12 Months Ended | |
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Jun. 30, 2016 |
Jun. 30, 2015 |
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Goodwill and Intangible Assets Disclosure [Abstract] | ||
Product Licenses - Cost | $ 48,632,368 | $ 48,632,368 |
Additions | ||
Deletion | (1,387,371) | |
Effect of Translation Adjustment | (3,323,518) | (2,325,008) |
Accumulated Amortization | (24,247,446) | (23,491,893) |
Net Balance | $ 19,674,033 | $ 22,815,467 |
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of foreign currency translation gain (loss) which increases (decreases) assets, excluding financial assets and goodwill, lacking physical substance with a finite life. No definition available.
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- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, from an acquisition. No definition available.
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- References No definition available.
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- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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