(5) Intangible Assets

12 Months Ended

Jun. 30, 2017

Notes

(5) Intangible Assets

(5)     Intangible Assets

Identifiable intangible assets and their useful lives consist of the following as of June 30:

			2017		2016
Trade name – indefinite		$	464,000	$	-
Trade name – 15 years			339,400		339,400
Domain name – 15 years			5,400		5,400
Non-compete covenant – 4-5 years			504,400		149,400
Customer relationships – 7-10 years			1,990,000		120,000
Trademark licensing agreement – 20 years			45,000		45,000
Backlog of orders – 3 months			2,700		2,700
Customer database – 7 years			38,100		38,100
Total identifiable intangibles			3,389,000		700,000
Less accumulated amortization			(634,882)		(539,877)
	Net carrying amount	$	2,754,118	$	160,123

Amortization expense associated with the intangible assets was $95,005 and $30,680 for the fiscal years ended June 30, 2017 and 2016, respectively. Estimated amortization expense for the identifiable intangible assets is expected to be as follows: 2018, $283,730; 2019, $283,730; 2020, $283,730; 2021, $277,720; 2022, $258,033 and thereafter $903,175.