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Acquired Intangible Assets (Tables)
9 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Calculation of Acquired Intangibles by Asset Class
 
As of March 31, 2018
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
985,226

 
$
(392,297
)
 
$
592,929

Customer assets
1,348,510

 
(550,026
)
 
798,484

Total
$
2,333,736

 
$
(942,323
)
 
$
1,391,413

 
 
 
 
 
 
 
As of June 30, 2017
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
930,841

 
$
(272,872
)
 
$
657,969

Customer assets
1,230,806

 
(416,233
)
 
814,573

Total
$
2,161,647

 
$
(689,105
)
 
$
1,472,542

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,
2018 (three months ended June 30)
$
94,776

2019
352,401

2020
280,888

2021
190,763

2022
177,208

2023 and beyond
295,377

Total
$
1,391,413