ACQUISITION RELATED INTANGIBLE ASSETS, NET

12 Months Ended

Jun. 30, 2018

Notes to Financial Statements

ACQUISITION RELATED INTANGIBLE ASSETS, NET

Customer relationships consist of the following at June 30:

	2018			2017
Customer relationships	$	5,537,161		$	5,537,161
Less accumulated amortization		(4,617,361	)		(4,485,961	)
	$	919,800		$	1,051,200

Amortization expense for the years ended June 30, 2018 and 2017 was $131,400 and $131,400, respectively.

Estimated aggregate amortization expense per year are as follows:

Years ending June 30:
2019	$	131,400
2020	$	131,400
2021	$	131,400
2022	$	131,400
Thereafter	$	394,200