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Goodwill and Intangible Assets (Tables)

6 Months Ended

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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- References

No definition available.

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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

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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

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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

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