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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of change in net carrying amount of goodwill

The change in the net carrying amount of goodwill was as follows:

 

Goodwill at June 30, 2016  $  
Additions   5,854,905 
Goodwill at June 30, 2017  $5,854,905 

 

Schedule of intangible assest acquired in acquistion

Intangible assets as a result of the Acquisition of ISP were comprised of:

 

       

Amortization
through

    
  Useful life (yrs)  Gross  June 30, 2017  Net 
Customer relationships  15  $3,590,000  $126,100  $3,463,900 
Backlog  2   366,000   96,419   269,581 
Trade secrets  8   3,272,000   215,495   3,056,505 
Trademarks  8   3,814,000   251,191   3,562,809 
Non-compete agreement  3   27,000   4,742   22,258 
      $11,069,000  $693,947  $10,375,053 

 

Schedule of future amortization of intangible assets

Future amortization of intangibles is as follows:

 

Fiscal year ended:    
June 30, 2018  $1,317,083 
June 30, 2019   1,220,664 
June 30, 2020   1,129,342 
June 30, 2021   1,125,083 
June 30, 2022   1,125,083 
June 30, 2023 and later   4,457,798 
   $10,375,053