Intangible Assets

3 Months Ended

Sep. 30, 2022

Intangible Assets

Intangible Assets

Note 8. Intangible Assets

Intangible assets, net as of September 30, 2022 and June 30, 2022 consisted of the following:

	Weighted	Gross Carrying Amount				Accumulated Amortization				Intangible Assets, Net
	Avg. Life	September 30,		June 30,		September 30,		June 30,		September 30,		June 30,
(In thousands)	(Yrs.)	2022		2022		2022		2022		2022		2022
Definite-lived:
KUPI trade name	2	$	2,920	$	2,920	$	(2,920)	$	(2,920)	$	—	$	—
KUPI other intangible assets	15		19,000		19,000		(8,678)		(8,362)		10,322		10,638
Silarx product rights	15		18,531		20,000		(6,074)		(6,222)		12,457		13,778
Other product rights	7		16,242		16,242		(9,024)		(8,479)		7,218		7,763
Total intangible assets, net		$	56,693	$	58,162	$	(26,696)	$	(25,983)	$	29,997	$	32,179

For the three months ended September 30, 2022 and 2021, the Company recorded amortization expense of $1.2 million and $4.0 million, respectively.

Future annual amortization expense consists of the following as of September 30, 2022:

(In thousands)	Amortization
Fiscal Year Ending June 30,	Expense
2023	$	3,453
2024		3,874
2025		3,774
2026		3,606
2027		3,469
Thereafter		11,821
	$	29,997