XML 26 R14.htm IDEA: XBRL DOCUMENT v3.6.0.2
Acquired Intangible Assets
 6 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
ACQUIRED INTANGIBLE ASSETS
ACQUIRED INTANGIBLE ASSETS
 
As of December 31, 2016
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
485,373

 
$
(203,831
)
 
$
281,542

Customer assets
858,106

 
(367,114
)
 
490,992

Total
$
1,343,479

 
$
(570,945
)
 
$
772,534

 
 
 
 
 
 
 
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


The weighted average amortization periods for acquired technology and customer intangible assets are approximately five years and seven years, respectively.
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 (six months ended June 30)
$
113,378

2018
218,992

2019
191,593

2020
120,079

2021
45,872

2022 and beyond
82,620

Total
$
772,534