XML 22 R35.htm IDEA: XBRL DOCUMENT v3.19.3
NOTE 7 - OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intagible Assets - Net

Other intangible assets, net of accumulated amortization, at June 30, 2019 and 2018 are comprised of:

   As of June 30,
   2019  2018
Capitalized software development costs  $7,004,847   $7,004,847 
Patents and copyrights   4,964,199    4,835,806 
Non-competition agreements   4,100,000    4,100,000 
Customer relationships   3,800,000    3,800,000 
    19,869,046    19,740,653 
Less: Accumulated amortization   15,113,371    14,138,997 
   $4,755,675   $5,601,656 

 

Schedule Of Other Intangle Assets

The estimated amortization of other intangible assets for the five years ending June 30, 2024 and thereafter is as follows:

For the Years Ending June 30,  Total  Patents and Copyrights  Non-
competition
  Customer Relationships
 2020   $771,830   $191,353   $390,477   $190,000 
 2021    381,860    191,860    —      190,000 
 2022    380,470    190,470    —      190,000 
 2023    383,929    193,929    —      190,000 
 2024    375,561    185,561    —      190,000 
 Thereafter    2,462,025    815,358    —      1,646,667 
     $4,755,675   $1,768,531   $390,477   $2,596,667 

 

Amortization of Other Intangible Assets

Information related to the other intangible assets for the years ended June 30, 2019, 2018 and 2017 is as follows:

   As of June 30,
   2019  2018  2017
Balance – Beginning of Year  $5,601,656   $6,644,504   $7,719,358 
Amounts capitalized   128,393    108,829    155,156 
Software or patents written off   —      —      —  )
Amortization   (974,374)   (1,151,677)   (1,230,010)
Balance – End of Year  $4,755,675   $5,601,656   $6,644,504