XML 36 R25.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
INTANGIBLE ASSETS (Tables)
9 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

 

Intangible Assets 

Weighted

Average

Remaining

Life

(in years)

 

Intangible Assets (Gross)

  

Accumulated Amortization

  

Intangible Asset (Net)

 
   March 31, 2024
Intangible Assets 

Weighted

Average

Remaining

Life

(in years)

 

Intangible

Assets

(Gross)

  

Accumulated

Amortization

  

Intangible

Asset (Net)

 
  

(dollars in thousands)

 
Customer relationships  2.9  $1,364   $

(760

)  $

604

 
Brand name  1.7   402    (320)    82 
Brand name – indefinite lived  N/A   

896

    

-

    

896

 
Recipes  1.7   

1,222

    (965)    257 
Internally developed software  2.2   218    (54   164 
Total     $4,102   $

(2,099

)  $2,003 

 

Intangible Assets 

Weighted

Average

Remaining

Life

(in years)

 

Intangible

Assets

(Gross)

  

Accumulated

Amortization

  

Intangible

Asset (Net)

 
   June 30, 2023
Intangible Assets 

Weighted

Average

Remaining

Life

(in years)

 

Intangible

Assets

(Gross)

  

Accumulated

Amortization

  

Intangible

Asset (Net)

 
  

(dollars in thousands)

 
Customer relationships  3.7  $1,364   $(630)  $734 
Brand name  2.5   402    (290)   112 
Brand name – indefinite lived  N/A   

896

    

-

    

896

 
Recipes  2.5   1,222    (852)   370 
Internally developed software  3.0   218    -    218 
Total     $4,102   $(1,772)  $2,330 
SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE

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 (remainder of the year)  $107 
2025   419 
2026   306 
2027   93 
2028   93 
Thereafter   985 
Total  $2,003