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Acquired Intangible Assets
 6 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
ACQUIRED INTANGIBLE ASSETS ACQUIRED INTANGIBLE ASSETS
 
As of December 31, 2019
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
1,126,601

 
$
(431,856
)
 
$
694,745

Customer assets
1,951,617

 
(838,290
)
 
1,113,327

Total
$
3,078,218

 
$
(1,270,146
)
 
$
1,808,072

 
 
 
 
 
 
 
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 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,
 
2020 (six months ended June 30)
$
239,877

2021
424,138

2022
384,751

2023
299,585

2024
220,855

2025 and beyond
238,866

Total
$
1,808,072