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Intangible Assets and Goodwill (Tables)
 6 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
The summary of intangible assets and goodwill is a follows (amounts in thousands):
 
 
 
 
December 31, 2016
 
June 30, 2016
 
 
Description (amounts in thousands)
 
Amortization
Period
 
Amount
 
Accumulated
Amortization
 
Carrying
Value
 
 
Amount
 
Accumulated
Amortization
 
Carrying
Value
 
Wetpaint technology
 
60 months
 
$
4,952

 
 
$
(3,458
)
 
 
$
1,494

 
 
$
4,952

 
 
$
(3,276
)
 
 
$
1,676

 
Wetpaint trademarks
 
276 months
 
1,453

 
 
(438
)
 
 
1,015

 
 
1,453

 
 
(415
)
 
 
1,038

 
Wetpaint customer relationships
 
60 months
 
917

 
 
(837
)
 
 
80

 
 
917

 
 
(827
)
 
 
90

 
Choose Digital licenses
 
60 months
 
829

 
 
(589
)
 
 
240

 
 
829

 
 
(559
)
 
 
270

 
Choose Digital software
 
60 months
 
627

 
 
(257
)
 
 
370

 
 
627

 
 
(212
)
 
 
415

 
DraftDay tradename
 
84 months
 
180

 
 
(61
)
 
 
119

 
 
180

 
 
(38
)
 
 
142

 
Draftday non-compete agreements
 
6 months
 
30

 
 
(30
)
 
 
—

 
 
30

 
 
(30
)
 
 
—

 
DraftDay internally generated capitalized software
 
60 months
 
1,498

 
 
(485
)
 
 
1,013

 
 
1,498

 
 
(303
)
 
 
1,195

 
DraftDay customer relationships
 
24 months
 
556

 
 
(556
)
 
 
—

 
 
556

 
 
(351
)
 
 
205

 
Rant trademarks
 
120 months
 
2,700

 
 
(124
)
 
 
2,576

 
 
—

 
 
—

 
 
—

 
Rant content
 
24 months
 
650

 
 
(149
)
 
 
501

 
 
—

 
 
—

 
 
—

 
Rant technology
 
60 months
 
1,500

 
 
(138
)
 
 
1,362

 
 
—

 
 
—

 
 
—

 
Rant advertising relationships
 
24 months
 
650

 
 
(149
)
 
 
501

 
 
—

 
 
—

 
 
—

 
Other
 
various
 
326

 
 
(24
)
 
 
302

 
 
326

 
 
(18
)
 
 
308

 
Total
 
 
 
$
16,868

 
 
$
(7,295
)
 
 
$
9,573

 
 
$
11,368

 
 
$
(6,029
)
 
 
$
5,339

 
Future Annual Amortization Expense
Future annual amortization expense expected is as follows amounts in thousands):
Years ending June 30,
 
2017
$
2,370

2018
$
3,026

2019
$
1,730

2020
$
1,367

2021
$
1,036
Summary of Goodwill
Goodwill consists of the following:
Description
Amount
Balance at July 1, 2016
$
11,270

Rant preliminary purchase price allocation
7,589

Balance at December 31, 2016
$
18,859