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Goodwill and Other Intangible Assets (Tables)
9 Months Ended 12 Months Ended
Mar. 31, 2021
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]    
Intangible assets
 

 

Useful

Lives 

 

Cost

 

   

Accumulated Amortization

 

   

Net

 

 

At March 31, 2021:

 

                   

Technology, trademarks

 

5/10 yrs.

 

  $ 364,700     $ 362,200     $ 2,500  

Trade names

 

6 yrs.

 

    140,000       140,000       -  

Websites

 

5 yrs.

 

    210,000       210,000       -  

Customer relationships

 

9/10 yrs.

 

    120,000       94,400       25,600  

Sublicense agreements

 

10 yrs.

 

    294,000       275,600       18,400  

Non-compete agreements

 

5 yrs.

 

    282,000       282,000       -  

IPR&D

 

3 yrs.

 

    110,000       110,000       -  

Other intangible assets

 

5 yrs.

 

    287,800       212,800       75,000  
                         
    $ 1,808,500     $ 1,687,000     $ 121,500  

 

 

 

 Useful Lives

 

 

Cost

 

   

Accumulated Amortization

 

   

Net

 

 

At June 30, 2020:

 

                   

Technology, trademarks

 

5/10 yrs.

 

  $ 364,700     $ 362,000     $ 2,700  

Trade names

 

6 yrs.

 

    140,000       140,000       -  

Websites

 

5 yrs.

 

    210,000       210,000       -  

Customer relationships

 

9/10 yrs.

 

    120,000       84,400       35,600  

Sublicense agreements

 

10 yrs.

 

    294,000       253,600       40,400  

Non-compete agreements

 

5 yrs.

 

    282,000       282,000       -  

IPR&D

 

3 yrs.

 

    110,000       110,000       -  

Other intangible assets

 

5 yrs.

 

    246,600       196,600       50,000  
                         
    $ 1,767,300     $ 1,638,600     $ 128,700  

 

 

Useful

Lives 

  Cost     Accumulated Amortization     Net  
At June 30, 2020:                    
                     

Technology, trademarks

 

5/10 yrs.

 

  $ 664,700     $ 662,000     $ 2,700  

Trade names

 

6 yrs.

 

    140,000       140,000       -  

Websites

 

5 yrs.

 

    210,000       210,000       -  

Customer relationships

 

9/10 yrs.

 

    357,000       321,400       35,600  

Sublicense agreements

 

10 yrs.

 

    294,000       253,600       40,400  

Non-compete agreements

 

5 yrs.

 

    384,000       384,000       -  

IPR&D

 

3 yrs.

 

    110,000       110,000       -  

Other intangible assets

 

5 yrs.

 

    246,600       196,600       50,000  
                         
    $ 2,406,300     $ 2,277,600     $ 128,700  

 

 

 

 

 

  Useful Lives   Cost     Accumulated Amortization     Net  
At June 30, 2019:                    
                     

Technology, trademarks

 

5/10 yrs.

 

  $ 663,800     $ 661,700     $ 1,100  

Trade names

 

6 yrs.

 

    140,000       124,400       16,600  

Websites

 

5 yrs.

 

    210,000       210,000       -  

Customer relationships

 

9/10 yrs.

 

    357,000       308,100       48,900  

Sublicense agreements

 

10 yrs.

 

    294,000       224,100       69,900  

Non-compete agreements

 

5 yrs.

 

    384,000       384,000       -  

IPR&D

 

3 yrs.

 

    110,000       110,000       -  

Other intangible assets

 

5 yrs.

 

    221,700       183,200       38,500  
                         
    $ 2,380,500     $ 2,205,500     $ 175,000  

  

Estimated future amortization expense of intangible assets  
Year Ended June 30,      
       
2021   $ 59,800  
2022     36,800  
2023     20,200  
2024     8,400  
2025     3,500  
         
Total   $ 128,700