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NOTE 7 - OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intagible Assets - Net

Other intangible assets, net of accumulated amortization, at June 30, 2017 and 2016 are comprised of:

 

   As of June 30,
   2017  2016
Capitalized software development costs  $7,004,847   $7,004,847 
Patents and copyrights   4,726,977    4,571,821 
Non-competition agreements   4,100,000    4,100,000 
Customer relationships   3,800,000    3,800,000 
    19,631,824    19,476,668 
Less: Accumulated amortization   12,987,320    11,757,310 
   $6,644,504   $7,719,358 

 

Schedule Of Other Intangle Assets

Information related to the above intangible assets for the years ended June 30, 2017, 2016 and 2015 is as follows:

 

   As of June 30,
   2017  2016  2015
Balance – Beginning of Year  $7,719,358   $8,950,160   $10,508,843 
Amounts capitalized   155,156    113,072    139,534 
Software or patents written off   —      (88,796)   (413,589)
Amortization   (1,230,010)   (1,255,078)   (1,284,628)
Balance – End of Year  $6,644,504   $7,719,358   $8,950,160 

 

Amortization of Other Intangible Assets

The estimated amortization of other intangible assets for the five years ending June 30, 2022 and thereafter is as follows:

 

For the Years Ending June 30,  Total  Patents and Copyrights  Capitalized Software Development Costs  Non-
competition
  Customer Relationships
 2018   $1,150,028   $200,981   $173,333   $585,714   $190,000 
 2019    982,782    207,068    —      585,714    190,000 
 2020    785,570    205,093    —      390,477    190,000 
 2021    395,600    205,600    —      —      190,000 
 2022    386,144    196,144    —      —      190,000 
 Thereafter    2,944,380    917,713    —      —      2,026,667 
     $6,644,504   $1,932,599   $173,333   $1,561,905   $2,976,667