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Intangible Assets
12 Months Ended
Jun. 30, 2021
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:

    

Intangible assets:

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

 

2021

 

 

2020

 

Pharmacy segment

 

 

 

 

 

 

 

 

Trade Name

 

$

1,180

 

 

$

1,180

 

Customer Relationships

 

 

1,089

 

 

 

1,089

 

Medicare License

 

 

623

 

 

 

623

 

 

 

 

2,892

 

 

 

2,892

 

Accumulated Amortization

 

 

(1,665

)

 

 

(1,638

)

Total

 

$

1,227

 

 

$

1,254

 

 

Impairment testing —During the fourth quarters of fiscal 2020 and 2019, 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 is being amortized over 12 years and Medicare License intangible asset is being amortized over 15 years. Amortization expense was $ 27 and $99 for the fiscal years ended June 30, 2021 and 2020, respectively.

Annual amortization of amortizing intangibles for the next five years is as follows:

 

2022

 

$

26

 

2023

 

 

21

 

2024

 

 

0

 

2025

 

 

0

 

2026 and thereafter

 

 

0

 

Total

 

$

47