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Acquired Intangible Assets | 3 Months Ended
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Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
ACQUIRED INTANGIBLE ASSETS | ACQUIRED INTANGIBLE ASSETS
| As of September 30, 2019
| Cost |  | Accumulated Amortization |  | Net
Technology assets | $ | 835,601 |  |  | $ | (389,557 | ) |  | $ | 446,044 |
Customer assets | 1,397,937 |  |  | (786,830 | ) |  | 611,107 |
Total | $ | 2,233,538 |  |  | $ | (1,176,387 | ) |  | $ | 1,057,151 |
| As of June 30, 2019
| Cost |  | Accumulated Amortization |  | Net
Technology assets | $ | 835,498 |  |  | $ | (349,259 | ) |  | $ | 486,239 |
Customer assets | 1,397,937 |  |  | (737,672 | ) |  | 660,265 |
Total | $ | 2,233,435 |  |  | $ | (1,086,931 | ) |  | $ | 1,146,504 |
The weighted average amortization periods for acquired technology and customer intangible assets are approximately six years and eight 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, |
2020 (nine months ended June 30) | $ | 232,586 |
2021 | 230,681 |
2022 | 211,126 |
2023 | 144,132 |
2024 | 95,876 |
2025 and beyond | 142,750 |
Total | $ | 1,057,151 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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