Annual report pursuant to Section 13 and 15(d)

6. SOFTWARE DEVELOPMENT COSTS

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6. SOFTWARE DEVELOPMENT COSTS
 12 Months Ended
Jun. 30, 2014
Software Development Costs  
Software development costs

Software development costs consists of the following:

                                                                                                                      

    June 30,  
    2014     2013  
Developed Software Costs     121,365       72,430  
Less Accumulated Amortization     (4,147 )     (72,430 )
    $ 117,218     $ - 0-  

 

Throughout fiscal  2014, the Company developed iCoreExchange and certain other new iCore software platforms including iCoreMD and iCoreDental.  The Company capitalized approximately $121,000 of software development costs during fiscal 2014.  The iCoreExchange software was placed into service in April 2014 and is being amortized over its estimated useful life of two years.  The other software platforms have not been placed into service as of June 30, 2014.