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OTHER INTANGIBLE ASSETS
 9 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
OTHER INTANGIBLE ASSETS

NOTE 7 – OTHER INTANGIBLE ASSETS

 

Other intangible assets, net of accumulated amortization, in the accompanying condensed consolidated balance sheets consist of the following:

  

                    
   Weighted average useful lives  Gross carrying amount – March 31, 2025  Accumulated amortization – March 31, 2025  Net carrying amount – March 31, 2025
Capitalized software development costs    5 years   $7,005   $(7,005)  $— 
Software License   3 years    1,260    (661)   599 
Patents and copy rights   15 years    5,285    (4,218)   1,067 
Non-compete   7 years    4,150    (4,150)   — 
Customer relationships   20 years    3,900    (2,336)   1,564 
Total       $21,600   $(18,370)  $3,230 

  

   Weighted average useful lives  Gross carrying amount – June 30, 2024  Accumulated amortization – June 30, 2024  Net carrying amount – June 30, 2024
Capitalized software development costs    5 years   $7,005   $(7,005)  $— 
Patents and copy rights   15 years    5,260    (4,104)   1,156 
Non-compete   7 years    4,150    (4,150)   — 
Customer relationships   20 years    3,900    (2,186)   1,714 
Total       $20,315   $(17,445)  $2,870 

 

Amortization of patents and copyrights for the three months ended March 31, 2025 and 2024 amounted to $37 and $41, respectively.

 

Amortization of customer relationships for the three months ended March 31, 2025 and 2024 amounted to $50 and $50, respectively.

 

Amortization of software license for the three months ended March 31, 2025 and 2024 amounted to $94 and $0, respectively.

 

Amortization of patents and copyrights for the nine months ended March 31, 2025 and 2024 amounted to $114 and $127, respectively.

 

Amortization of customer relationships for the nine months ended March 31, 2025 and 2024 amounted to $150 and $150, respectively.

 

Amortization of software license for the nine months ended March 31, 2025 and 2024 amounted to $284 and $0, respectively.

 

Amortization expense for reach of the next five years and thereafter as of March 31, 2025 are as follows:

  

        
 2026   $ 721 
 2027    553 
 2028    322 
 2029    317 
 2030    316 
 Thereafter    1001 
 Total   $3,230