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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets  
Intangible assets

 

 

 Useful Lives

(Years)

 

 

 June 30,

2022

 

 

 June 30,

2021

 

Customer relationships

 

 

15

 

 

$3,590,000

 

 

$3,590,000

 

Trade secrets

 

 

8

 

 

 

3,272,000

 

 

 

3,272,000

 

Trademarks

 

 

8

 

 

 

3,814,000

 

 

 

3,814,000

 

Total intangible assets

 

 

 

 

 

 

10,676,000

 

 

 

10,676,000

 

Less accumulated amortization

 

 

 

 

 

 

(6,218,202)

 

 

(5,093,119)

Total intangible assets, net

 

 

 

 

 

$4,457,798

 

 

$5,582,881

 

Schedule of future amortization of intangible assets

Fiscal year ending:

 

 

 

June 30, 2023

 

 

1,125,083

 

June 30, 2024

 

 

1,125,083

 

June 30, 2025

 

 

658,398

 

June 30, 2026

 

 

239,334

 

After June 30, 2026

 

 

1,309,900

 

 

 

$4,457,798