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Goodwill and Intangible Assets (Tables)

6 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assest acquired in acquistion

Intangible assets, as a result of the Acquisition of ISP, were comprised of:

		Useful Life (Yrs)				Gross				Amortization through December 31, 2017				Net
Customer relationships			15			$	3,590,000			$	245,767			$	3,344,233
Backlog			2				366,000				187,919				178,081
Trade secrets			8				3,272,000				419,995				2,852,005
Trademarks			8				3,814,000				489,566				3,324,434
Non-compete agreement			3				27,000				9,242				17,758
						$	11,069,000			$	1,352,489			$	9,716,511

Schedule of future amortization of intangible assets

Future amortization of intangibles is as follows:

Fiscal year ending:
June 30, 2018		$	658,541
June 30, 2019			1,220,664
June 30, 2020			1,129,342
June 30, 2021			1,125,083
June 30, 2022			1,125,083
June 30, 2023 and later			4,457,798
		$	9,716,511

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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 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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