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Acquired Intangible Assets (Tables)
3 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Calculation of Acquired Intangibles by Asset Class
 
As of September 30, 2016
 
Cost
 
Accumulated Amortization
 
Net
Technology Assets
$
485,373

 
$
(178,983
)
 
$
306,390

Customer Assets
906,406

 
(381,599
)
 
524,807

Total
$
1,391,779

 
$
(560,582
)
 
$
831,197

 
 
 
 
 
 
 
As of June 30, 2016
 
Cost
 
Accumulated Amortization
 
Net
Technology Assets
$
359,573

 
$
(155,848
)
 
$
203,725

Customer Assets
790,506

 
(347,991
)
 
442,515

Total
$
1,150,079

 
$
(503,839
)
 
$
646,240

Calculation of Estimated Future Amortization Expense
The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets:
 
Fiscal years ending
June 30,
2017 (nine months ended June 30)
$
172,041

2018
218,992

2019
191,593

2020
120,079

2021
45,872

2022 and beyond
82,620

Total
$
831,197