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Acquired Intangible Assets (Tables)
6 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Calculation of Acquired Intangibles by Asset Class
 
As of December 31, 2017
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
981,026

 
$
(344,994
)
 
$
636,032

Customer assets
1,335,610

 
(503,264
)
 
832,346

Total
$
2,316,636

 
$
(848,258
)
 
$
1,468,378

 
 
 
 
 
 
 
As of June 30, 2017
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
930,841

 
$
(272,872
)
 
$
657,969

Customer assets
1,230,806

 
(416,233
)
 
814,573

Total
$
2,161,647

 
$
(689,105
)
 
$
1,472,542

Calculation of Estimated Future Amortization Expense
The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets:
 
Fiscal years ending
June 30,
2018 (six months ended June 30)
$
186,702

2019
346,701

2020
275,188

2021
187,202

2022
177,208

2023 and beyond
295,377

Total
$
1,468,378