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Acquired Intangible Assets (Tables)
9 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Calculation of Acquired Intangibles by Asset Class
 
As of March 31, 2020
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
1,137,744

 
$
(495,257
)
 
$
642,487

Customer assets
1,560,932

 
(471,638
)
 
1,089,294

Total
$
2,698,676

 
$
(966,895
)
 
$
1,731,781

 
 
 
 
 
 
 
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


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,
 
2020 (three months ended June 30)
$
119,996

2021
435,005

2022
395,617

2023
310,451

2024
231,845

2025 and beyond
238,867

Total
$
1,731,781