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Intangible Assets
12 Months Ended
Jun. 30, 2023
Intangible Assets  
Intangible Assets [Text Block]

Note 4. Intangible Assets

Identifiable intangible assets, other than goodwill, consisted of the following as of and for the years ended June 30, 2023 and 2022:

          Non-              
    Trade name -     compete     Customer        
    indefinite life     covenant     relationships     Total  
Gross carrying amount                        
June 30, 2021 $ 1,084,000   $ 438,000   $ 6,183,000   $ 7,705,000  
Additions   -     -     -     -  
Disposals   -     -     -     -  
June 30, 2022 $ 1,084,000   $ 438,000   $ 6,183,000   $ 7,705,000  
                         
                         
Accumulated Amortization                        
June 30, 2021 $ -   $ 364,000   $ 2,412,125   $ 2,776,125  
Additions   -     69,850     618,300     688,150  
Disposals   -     -     -     -  
June 30, 2022   -     433,850     3,030,425     3,464,275  
Net book value at June 30, 2022 $ 1,084,000   $ 4,150   $ 3,152,575   $ 4,240,725  

 

          Non-              
    Trade name -     compete     Customer        
    indefinite life     covenant     relationships     Total  
Gross carrying amount                        
June 30, 2022 $ 1,084,000   $ 438,000   $ 6,183,000   $ 7,705,000  
Additions   -     -     -     -  
Disposals   -     -     -     -  
June 30, 2023 $ 1,084,000   $ 438,000   $ 6,183,000   $ 7,705,000  
                         
                         
Accumulated Amortization                        
June 30, 2022 $ -   $ 433,850   $ 3,030,425   $ 3,464,275  
Additions   -     4,150     618,300     622,450  
Disposals   -     -     -     -  
June 30, 2023   -     438,000     3,648,725     4,086,725  
Net book value at June 30, 2023 $ 1,084,000   $ -   $ 2,534,275   $ 3,618,275  

Amortization expense associated with the intangible assets was $622,450 and $688,150 for the fiscal years ended June 30, 2023 and 2022, respectively. Estimated future amortization expense for the identifiable intangible assets is expected to be as follows for the years ending June 30:

2024 $ 618,300  
2025   618,300  
2026   618,300  
2027   571,550  
2028   107,825  
Total $ 2,534,275