OTHER INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

OTHER INTANGIBLE ASSETS

NOTE 8 - OTHER INTANGIBLE ASSETS

Other intangible assets, net of accumulated amortization, at June 30, 2022 and 2021 are comprised of:

	As of June 30,
	2022		2021
Capitalized software development costs	$	7,004,847	$	7,004,847
Patents and copyrights		5,332,774		5,244,892
Non-competition agreements		4,150,000		4,150,000
Customer relationships		3,900,000		3,900,000
		20,387,621		20,299,739
Less: Accumulated amortization		16,683,736		16,262,140
	$	3,703,885	$	4,037,599

The estimated amortization of other intangible assets for the five years ending June 30, 2027 and thereafter is as follows:

Schedule Of Other Intangible Assets For the Years Ending June 30,		Total		Patents and Copyrights		Customer Relationships
	2023	$	386,747	$	186,747	$	200,000
	2024		386,446		186,446		200,000
	2025		381,491		181,491		200,000
	2026		378,866		178,866		200,000
	2027		368,206		168,206		200,000
	Thereafter		1,802,129		687,962		1,114,167
	Other intangible assets - net	$	3,703,885	$	1,589,718	$	2,114,167

The weighted average amortization period for other intangible assets is 10.9 years and they have no expected residual value.

Information related to the above intangible assets for the years ended June 30, 2022 and 2021 is as follows:

Other Intangible Assets
	As of June 30,
	2022			2021
Balance – Beginning of Year	$	4,037,599		$	4,109,129
Amounts capitalized		87,882			313,705
Software or patents written off		—			(534	)
Amortization		(421,596	)		(384,701	)
Balance – End of Year	$	3,703,885		$	4,037,599

Amortization of patents and copyrights for the years ended June 30, 2022 and 2021 amounted to $184,096 and $179,701, respectively.

Amortization of non-competition agreements for the years ended June 30, 2022 and 2021 amounted to $37,500 and $12,500, respectively.

Amortization of customer relationships for the years ended June 30, 2022 and 2021 amounted to $200,000 and $192,500, respectively.