INTANGIBLE ASSETS (dollars in thousands)

6 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS (dollars in thousands)

NOTE 5. INTANGIBLE ASSETS (dollars in thousands)

	December 31, 2023
Intangible Assets	Weighted Average Remaining Life (in years)	Intangible Assets (Gross)		Accumulated Amortization			Intangible Asset (Net)
Customer relationships	3.2	$	1,364	$	(716	)	$	648
Brand name	2.7		1,297		(310	)		987
Recipes	2.0		1,222		(927	)		295
Internally developed software	2.5		218		(36	)		182
Total		$	4,101	$	(1,989	)	$	2,112

	June 30, 2023
Intangible Assets	Weighted Average Remaining Life (in years)	Intangible Assets (Gross)		Accumulated Amortization			Intangible Asset (Net)
Customer relationships	3.7	$	1,364	$	(629	)	$	735
Brand name	3.2		1,297		(290	)		1,007
Recipes	2.5		1,222		(852	)		370
Internally developed software	3.0		218		-			218
Total		$	4,101	$	(1,771	)	$	2,330

Total amortization expense for intangible assets for the three months ended December 31, 2023 and 2022 was $0.1 million and for the six months ended December 31, 2023 and 2022 was $0.2 million.

Estimated remaining amortization expenses of intangible assets for the next five fiscal years and thereafter are as follows (in thousands):

Years Ending June 30,	Expense
2024	$	216
2025		419
2026		306
2027		93
2028		93
Thereafter		985
Total	$	2,112