Note 8 - Goodwill

12 Months Ended

Jun. 30, 2022

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, 2022 and 2021 were $2,307,202 and $1,043,473, respectively.

Goodwill is comprised of the following amounts:

	As of June 30, 2022		As of June 30, 2021
Goodwill – Original Sprout	$	416,817	$	416,817
Goodwill – Gourmet Foods (1)		275,311		275,311
Goodwill - Brigadier		351,345		351,345
Goodwill - Marygold & Co. (UK) (1)		1,263,729		-
Total	$	2,307,202	$	1,043,473

(1) Refer to Note 13, Business Combinations, regarding increase in goodwill during the years ended June 30, 2022 and 2021.

The Company tests for goodwill impairment at each reporting unit. There was no goodwill impairment for the years ended June 30, 2022 and June 30, 2021.