Goodwill and Intangible Assets

3 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets

6. Goodwill And Intangible Assets

6. Goodwill and Intangible Assets

There were no changes in the net carrying value of goodwill during the three months ended September 30, 2022.

Identifiable intangible assets were comprised of:

	Useful Lives (Years)		September 30, 2022			June 30, 2022
Customer relationships		15	$	3,590,000		$	3,590,000
Trade secrets		8		3,272,000			3,272,000
Trademarks		8		3,814,000			3,814,000
Total intangible assets				10,676,000			10,676,000
Less accumulated amortization				(6,499,473	)		(6,218,202	)
Total intangible assets, net			$	4,176,527		$	4,457,798

Future amortization of identifiable intangibles is as follows:

Fiscal year ending:
June 30, 2023 (remaining nine months)		843,812
June 30, 2024		1,125,083
June 30, 2025		658,398
June 30, 2026		239,334
After June 30, 2026		1,309,900
	$	4,176,527