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Acquired Intangible Assets (Tables)
9 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Calculation of Acquired Intangibles by Asset Class
 
As of March 31, 2017
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
935,373

 
$
(234,116
)
 
$
701,257

Customer assets
1,230,806

 
(373,639
)
 
857,167

Total
$
2,166,179

 
$
(607,755
)
 
$
1,558,424

 
 
 
 
 
 
 
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 (three months ended June 30)
$
85,881

2018
338,332

2019
310,933

2020
239,419

2021
165,212

2022 and beyond
418,647

Total
$
1,558,424