Annual report pursuant to Section 13 and 15(d)

Intangible Assets, net (Tables)

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Intangible Assets, net (Tables)
12 Months Ended
Jun. 30, 2013
Intangible Assets Net Tables  
Schedule of franchise license, trademarks and other intangible assets

Franchise license, trademarks and other intangible assets consist of the following:

 

    Estimated
Useful Lives
(in years)
  June 30,
2013
  June 30,
2012
             
Franchise license agreements     10     $ 529,500     $ 529,500  
Trademarks, patents and
  Tradenames
    10-15       230,075       230,129  
              759,575       759,629  
Accumulated amortization             (706,376 )     (693,739 )
            $ 53,199     $ 65,890  

 

Schedule of estimated future amortization

Based on the carrying amount of intangibles as of June 30, 2013, and assuming no future impairment of the underlying assets, the estimated future amortization at the end of each fiscal year is as follows:

 

Years ending June 30,    
     
2014   $ 12,194  
2015     8,141  
2016     7,398  
2017     6,469  
2018     6,469  
2019-2020     12,528  
   Total   $ 53,199