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