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Intangible Assets
12 Months Ended
Jun. 30, 2023
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

8. INTANGIBLE ASSETS

SunLink’s Pharmacy segment has intangible assets related to its Carmichael acquisition, which consists of:

 

 

June 30,

 

 

 

2023

 

 

2022

 

Pharmacy segment

 

 

 

 

 

 

Trade name

 

$

1,180

 

 

$

1,180

 

Customer relationships

 

 

1,089

 

 

 

1,089

 

Medicare license

 

 

623

 

 

 

623

 

 

 

 

2,892

 

 

 

2,892

 

Accumulated amortization

 

 

(1,712

)

 

 

(1,691

)

Total

 

$

1,180

 

 

$

1,201

 

 

Impairment testing —During the fourth quarters of fiscal 2023 and 2022, we completed our annual impairment test of certain intangible assets, and no impairment was indicated.

The trade name intangible asset under the Pharmacy segment is a non-amortizing intangible asset. Customer relationships intangible asset was amortized over 12 years and medicare license intangible asset was amortized over 15 years. Amortization expense was $ 21 and $26 for the fiscal years ended June 30, 2023 and 2022, respectively.

The amortizing intangibles are fully amortized as of June 30, 2023.