Balance sheet information

9 Months Ended

Mar. 31, 2020

Balance Sheet Related Disclosures [Abstract]

Goodwill and intangible assets, net

Goodwill as of March 31, 2020 and June 30, 2019 was $14.3 million and $26.1 million, respectively. The reduction in goodwill of $11.8 million was due to the sale of the Ads Business to inMarket. See Note 12.

Intangible assets consisted of the following (in thousands):



	March 31, 2020			June 30, 2019
Acquired developed technology	$	6,775		$	13,875
Less accumulated amortization	(6,775		)	(12,494		)
Intangible assets, net	$	—		$	1,381

In connection with the sale of intellectual property and workforce to Grab in January 2020, we offset the remaining net intangible assets balance of $945,000 associated with the OpenTerra Platform against the consideration received. See Note 13.

Acquired developed technology was amortized on a straight-line basis over the expected useful life. Amortization expense related to intangibles was zero and $218,000 for the three months ended March 31, 2020 and 2019, respectively, and $436,000 and $785,000 for the nine months ended March 31, 2020 and 2019, respectively.

Other assets

Other assets consisted of the following (in thousands):



	March 31, 2020		June 30, 2019
Deposits and other assets	$	1,040	$	956
Non-marketable equity investments	6,670		458
Warrant to purchase non-marketable equity investment units	448		—
Non-marketable equity investments accounted for under the equity method	19,846		—
Non-marketable debt investments	5,500		—
Total other assets	$	33,504	$	1,414

Accrued expenses

Accrued expenses consisted of the following (in thousands):



	March 31, 2020		June 30, 2019
Accrued compensation and benefits	$	13,477	$	13,288
Accrued royalties	10,599		21,604
Customer overpayments and related reserves	2,431		4,291
Other accrued expenses	9,701		9,716
Total accrued expenses	$	36,208	$	48,899