XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Goodwill and Intangible Assets (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of change in net carrying amount of Goodwill | The change in the net carrying amount of goodwill was as follows:
Goodwill at June 30, 2016 |  |  | — |
Additions |  |  |  | 1,227,752 |
Adjustments |  |  |  | (713,812 | )
Goodwill at March 31, 2017 |  |  | $ | 513,940 |
Schedule of intangible assest acquired in acquistion | Intangible assets as a result of the Acquisition of ISP were comprised of:
|  |  |  |  | Amortization through |
Fair value of Intangible assets: |  | Useful life (yrs) |  |  | Gross |  |  | March 31, 2017 |  |  | Net |
Customer relationships |  |  | 15 |  |  | $ | 5,666,000 |  |  | $ | 94,433 |  |  | $ | 5,571,567 |
Backlog |  |  | 2 |  |  |  | 376,000 |  |  |  | 47,001 |  |  |  | 328,999 |
Trade secrets |  |  | 8 |  |  |  | 2,734,000 |  |  |  | 85,438 |  |  |  | 2,648,562 |
Trademark |  |  | 8 |  |  |  | 2,438,000 |  |  |  | 76,187 |  |  |  | 2,361,813 |
Non-compete agreement |  |  | 3 |  |  |  | 21,000 |  |  |  | 1,750 |  |  |  | 19,250 |
|  |  |  |  |  | $ | 11,235,000 |  |  | $ | 304,809 |  |  | $ | 10,930,191 |
Schedule of future amortization of intangible assets | Future amortization of intangibles is as follows:
Fiscal year ended: |  |  |  |
| June 30, 2017 |  |  | $ | 304,809 |
| June 30, 2018 |  |  |  | 1,219,237 |
| June 30, 2019 |  |  |  | 1,125,235 |
| June 30, 2020 |  |  |  | 1,027,733 |
| June 30, 2021 |  |  |  | 1,024,233 |
| June 30, 2022 and later |  |  |  | 6,228,944 |
|  |  |  | $ | 10,930,191 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration