ACQUIRED INTANGIBLE ASSETS (Tables)

3 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Calculation of Acquired Intangibles by Asset Class

	As of September 30, 2020
	Cost		Accumulated Amortization		Net
Technology assets	$	1,011,214	$	(484,102)	$	527,112
Customer assets	1,438,550		(459,255)		979,295
Total	$	2,449,764	$	(943,357)	$	1,506,407
	As of June 30, 2020
	Cost		Accumulated Amortization		Net
Technology assets	$	1,084,144	$	(502,376)	$	581,768
Customer assets	1,434,832		(404,036)		1,030,796
Total	$	2,518,976	$	(906,412)	$	1,612,564

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,
2021 (nine months ended)	$	321,551
2022	398,433
2023	316,515
2024	235,673
2025	122,688
2026 and beyond	111,547
Total	$	1,506,407