Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
 9 Months Ended
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

    Product Licenses     Customer Lists     Technology     Total  
Intangible Assets - June 30, 2014 - Cost   $ 48,632,368     $ 6,052,377     $ 242,702     $ 54,927,447  
Additions     -       -       -       -  
Effect of Translation Adjustment     (2,729,529 )     -       -       (2,729,529 )
Accumulated Amortization     (21,125,290 )     (6,052,377 )     (242,702 )     (27,420,369 )
Net Balance - March 31, 2015   $ 24,777,549     $ -     $ -     $ 24,777,549  

Estimated Amortization Expense of Intangible Assets over Next Five Years

Estimated amortization expense of intangible assets over the next five years is as follows:

 

Year ended:        
March 31, 2016     $ 3,160,220  
March 31, 2017       3,058,440  
March 31, 2018       3,058,440  
March 31, 2019       3,058,440  
March 31, 2020       2,958,662  
Thereafter       9,483,348  
      $ 24,777,549