INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 7. INTANGIBLE ASSETS

	December 31, 2024
Intangible Assets	Weighted Average Remaining Life (in years)		Intangible Assets (Gross)		Accumulated Amortization			Intangible Asset (Net)
	(dollars in thousands)
Customer relationships		5.0	$	1,540	$	(723	)	$	817
Brand name		1.2		414		(353	)		61
Brand name – indefinite lived		N/A		231		-			231
Internally developed software		1.5		218		(109	)		109
Total			$	2,403	$	(1,185	)	$	1,218

	June 30, 2024
Intangible Assets	Weighted Average Remaining Life (in years)		Intangible Assets (Gross)		Accumulated Amortization			Intangible Asset (Net)
	(dollars in thousands)
Customer relationships		5.4	$	1,540	$	(624	)	$	916
Brand name		1.7		414		(332	)		82
Brand name – indefinite lived		N/A		231		-			231
Internally developed software		2.0		218		(72	)		146
Total			$	2,403	$	(1,028	)	$	1,375

Total amortization expense for intangible assets was $0.1 million for each of the three months ended December 31, 2024 and 2023 and $0.2 million for each of the six months ended December 31, 2024 and 2023.

Estimated remaining amortization expenses of intangible assets for the next five fiscal years and thereafter are as follows (in thousands):

Years Ending June 30,	Expense
2025 (remainder of the fiscal year)	$	162
2026		290
2027		147
2028		147
2029		147
Thereafter		325
Total	$	1,218