XML 80 R15.htm IDEA: XBRL DOCUMENT v3.20.2
Note 8 - Goodwill
12 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Goodwill Disclosure [Text Block]
NOTE
8.
GOODWILL
 
Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in business combinations. The amounts recorded in goodwill for
June 30, 2020
and
2019
were
$915,790
and
$915,790,
respectively.
 
Goodwill is comprised of the following amounts:
 
   
As of June 30, 2020
   
As of June 30, 2019
 
                 
Goodwill – Original Sprout
  $
416,817
    $
416,817
 
Goodwill – Gourmet Foods
   
147,628
     
147,628
 
Goodwill - Brigadier
   
351,345
     
351,345
 
Total
  $
915,790
    $
915,790
 
 
The Company tests for goodwill impairment at each reporting unit. There was
no
goodwill impairment for the year ended
June 30, 2020
 or
June 30, 2019
.