Finite-life Intangible Assets

6 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Finite-life Intangible Assets

Note 4.   Finite-life Intangible Assets

The carrying value of patents and trademarks includes the original cost of obtaining the patents, periodic renewal fees, and other costs associated with maintaining and defending patent and trademark rights. Patents and trademarks are amortized over their estimated useful lives, generally 15 and 12 years, respectively. Accumulated amortization was $1,070,000 and $1,010,000 at December 31, 2019 and June 30, 2019, respectively.

The activity and balances of finite-life intangible assets were approximately as follows:

	Six Months Ended December 31, 2019			Fiscal Year Ended  June 30, 2019
Balance, beginning	$	581,000		$	649,000
Additions		31,000			58,000
Abandonments		-			(5,000	)
Amortization expense		(60,000	)		(121,000	)
Balance, ending	$	552,000		$	581,000