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Business Combination (Tables)
12 Months Ended
Jun. 30, 2021
Business Acquisition [Line Items]  
Schedule of Acquisition Date Fair Value of Consideration Transferred

The acquisition date fair value of the consideration transferred for the acquisitions consisted of the following:

 

(In thousands)

 

 

Cash

$

9,150

 

Common stock (45,086 common shares)

 

250

 

Contingent consideration, at fair value

 

3,140

 

 

 

 

 

$

12,540

 

Schedule of Purchase Price Allocation for Acquisition

The purchase price allocation for the acquisitions is as follows:

 

(In thousands)

 

 

Prepaid expenses and other current assets

$

16

 

Intangible assets

 

5,709

 

Deposits and other assets

 

8

 

Liabilities assumed

 

(3

)

 

 

 

Total identifiable net assets

 

5,730

 

Goodwill

 

6,810

 

 

$

12,540

 

Adcom Agency [Member]  
Business Acquisition [Line Items]  
Schedule of Intangible Assets

Intangible assets that were acquired and their respective useful lives are as follows:

 

(In thousands)

Amount

 

 

Useful Life

Customer related

$

5,150

 

 

8.5 years

Covenants not to compete

 

559

 

 

5 years

 

$

5,709