v3.21.1

Intangible Assets (Tables) | 9 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | The following tables shows goodwill, finite-lived intangible assets, accumulated amortization, and the impairment charges:
March 31, 2021 |  |  |  |  |  |  |  |  |
| Cost |  | Accumulated Amortization |  | Net Book Value |  | Impairment |  | Total
Goodwill | $ 834,220 |  | $ - |  | $ 834,220 |  | $ - |  | $ 834,220
Finite-lived assets: |  |  |  |  |  |  |  |  |
Customer list | $ 922,053 |  | $ (268,063) |  | $ 653,990 |  | $ - |  | $ 653,990
Vendor relationships | 484,816 |  | (144,233) |  | 340,583 |  | - |  | 340,583
Capitalized product development costs | 402,255 |  | (60,900) |  | 341,355 |  | - |  | 341,355
| $ 1,809,124 |  | $ (473,196) |  | $ 1,335,928 |  | $ - |  | $1,335,928
June 30, 2020 |  |  |  |  |  |  |  |  |
| Cost |  | Accumulated Amortization |  | Net Book Value |  | Impairment |  | Total
Goodwill | $ 1,634,507 |  | $ - |  | $ 1,634,507 |  | $ (800,287) |  | $ 834,220
Finite-lived assets: |  |  |  |  |  |  |  |  |
Customer list | $ 881,000 |  | $ (132,147) |  | $ 748,853 |  | $ - |  | $ 748,853
Vendor relationships | 479,000 |  | (71,847) |  | 407,153 |  | - |  | 407,153
Noncompete agreements | 1,600,000 |  | (400,000) |  | 1,200,000 |  | (1,200,000) |  | -
Capitalized product development costs | 281,845 |  | (1,536) |  | 280,309 |  | - |  | 280,309
| $ 3,241,845 |  | $ (605,530) |  | $ 2,636,315 |  | $(1,200,000) |  | $1,436,315
Schedule of Amortization Expense | Estimated amortization expense related to intangible assets for the next five years is as follows:
Period ending March 31, |
2022 | $ 387,118
2023 | 387,118
2024 | 347,598
2025 | 187,885
2026 | 26,209
| $ 1,335,928

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