v3.20.4

Intangible Assets (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2020 | Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |  |
Schedule of Intangible Assets | The following tables shows goodwill, and finite-lived intangible assets, accumulated amortization, and the impairment charges:
September 30, 2020 |  |  |  |  |  |  |  |  |
| Cost |  | Accumulated Amortization |  | Net Book Value |  | Impairment |  | Total
Goodwill | $ 834,220 |  | $ - |  | $ 834,220 |  | $ - |  | $ 834,220
Finite-lived assets: |  |  |  |  |  |  |  |  |
Customer list | $ 881,000 |  | $ (168,293) |  | $ 712,707 |  | $ - |  | $ 712,707
Vendor relationships | 471,096 |  | (95,797) |  | 375,299 |  | - |  | 375,299
Capitalized product development costs | 281,845 |  | (14,048) |  | 267,797 |  | - |  | 267,797
| $ 1,633,941 |  | $ (278,138) |  | $ 1,355,803 |  | $ - |  | $1,355,803
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
| Goodwill and intangible assets are comprised of the following at 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 agreement | 1,600,000 | (400,000) | 1,200,000 | (1,200,000) | -
Product development costs | 81,845 | (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 September 30, |
2021 | $ 347,293
2022 | 353,660
2023 | 361,577
2024 | 276,383
2025 | 16,890
| $ 1,355,803

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration