Intangible Assets

9 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

5. Intangible Assets

The Company’s finite-lived intangible assets are stated at cost less accumulated amortization and include developed technology and trade name assets acquired in the asset acquisition discussed in Note 4, as well as costs incurred to obtain patents. Developed technology and trade name assets are amortized over 15 years. Patent costs are amortized beginning at the time of patent approval over a useful life not exceeding 20 years.

The components of intangible assets, net are as follows:

	March 31, 2020						June 30, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Developed technology	$	15,624	$	(694)	$	14,930	$	—	$	—	$	—
Patents	5,727		(1,127)		4,600		6,093		(988)		5,105
Trade name	760		(34)		726		—		—		—
Total intangible assets, net	$	22,111	$	(1,855)	$	20,256	$	6,093	$	(988)	$	5,105

Amortization expense expected for the next five years and thereafter is as follows:

Remainder of fiscal 2020	$	336
Fiscal 2021	1,345
Fiscal 2022	1,343
Fiscal 2023	1,337
Fiscal 2024	1,333
Thereafter	14,562
	$	20,256