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Goodwill and Intangible Assets (Tables)
6 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets  
Schedule in activity in goodwill

Goodwill as of June 30, 2020

 

$493,095

 

Acquisition of Infusionz

 

 

1,920,718

 

Goodwill as of June 30, 2021

 

$2,413,813

 

Acquisition of VitaMedica

 

 

1,271,780

 

Acquisition of Interactive Offers

 

 

4,848,330

 

Goodwill as of December 31, 2021

 

$8,533,923

 

Schedule Of Intangible Assets

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

Book Value

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$4,187,348

 

 

$1,291,057

 

 

$2,896,291

 

Trade name

 

 

1,175,305

 

 

 

378,177

 

 

 

797,128

 

Non-compete agreements

 

 

176,592

 

 

 

74,110

 

 

 

102,482

 

Intellectual property

 

 

1,470,000

 

 

 

76,667

 

 

 

1,393,333

 

 

 

$7,009,245

 

 

$1,820,011

 

 

$5,189,234

 

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

Book Value

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$2,075,347

 

 

$843,636

 

 

$1,231,711

 

Trade name

 

 

845,305

 

 

 

270,147

 

 

 

575,158

 

Non-compete agreements

 

 

76,592

 

 

 

38,295

 

 

 

38,297

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$2,997,244

 

 

$1,152,078

 

 

$1,845,166

 

Schedule Of Future amortization of intangible assets

Future amortization of intangible assets are as follows:

 

 

 

 

 

 

 

June 30, 2022

 

$835,096

 

June 30, 2023

 

 

1,606,913

 

June 30, 2024

 

 

1,273,475

 

June 30, 2025

 

 

959,750

 

June 30, 2026

 

 

432,000

 

Thereafter

 

 

82,000

 

 

 

$5,189,234