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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of change in net carrying amount of Goodwill |
Goodwill at June 30, 2016 |  |  | — |
Additions |  |  | 1,227,752 |
Goodwill at December 31, 2016 |  | $ | 1,227,752 |
Schedule of intangible assest acquired in acquistion | Intangible assets as a result of the ISP Acquisition were comprised of:
Fair value of Ingangible assets |  | Useful life (yrs) |  |  |  |
Customer relationships |  | 15 |  | $ | 5,633,000 |
Backlog |  | 2 |  |  | 261,000 |
Trade secrets |  | 8 |  |  | 2,546,000 |
Trademark |  | 8 |  |  | 2,290,000 |
Non-compete agreement |  | 3 |  |  | 29,000 |
|  |  |  | $ | 10,759,000 |
Schedule of future amortization of intangible assets | Future amortization of intangibles is as follows:
Fiscal year ended: |  |  |  |
June 30, 2017 |  | $ | 560,100 |
June 30, 2018 |  |  | 1,120,200 |
June 30, 2019 |  |  | 1,054,950 |
June 30, 2020 |  |  | 984,867 |
June 30, 2021 |  |  | 980,033 |
June 30, 2022 and later |  |  | 6,058,850 |
|  | $ | 10,759,000 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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