Intangible Assets

12 Months Ended

Jun. 30, 2022

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,
	2022			2021
Pharmacy segment
Trade Name	$	1,180		$	1,180
Customer Relationships		1,089			1,089
Medicare License		623			623
		2,892			2,892
Accumulated Amortization		(1,691	)		(1,665	)
Total	$	1,201		$	1,227

Impairment testing —During the fourth quarters of fiscal 2022 and 2021, 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 $ 26 and $27 for the fiscal years ended June 30, 2022 and 2021, respectively.

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

2023	$	21
2024		0
2025		0
2026		0
2027 and thereafter		0
Total	$	21