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Goodwill and Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets

		Useful				June 30,				June 30,
		Lives (Years)				2020				2019
Customer relationships			15			$	3,590,000			$	3,590,000
Trade secrets			8				3,272,000				3,272,000
Trademarks			8				3,814,000				3,814,000
Non-compete agreement			3				27,000				27,000
Total intangible assets							10,703,000				10,703,000
Less accumulated amortization							(3,995,036	)			(2,865,694	)
Total intangible assets, net						$	6,707,964			$	7,837,306

Schedule of future amortization of intangible assets

Fiscal year ending:
June 30, 2021		$	1,125,083
June 30, 2022			1,125,083
June 30, 2023			1,125,083
June 30, 2024			1,125,083
June 30, 2025 and later			2,207,632
		$	6,707,964

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- References

No definition available.

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Section 50
-Paragraph 1
-Subparagraph (a)
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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://fasb.org/us-gaap/role/ref/legacyRef
-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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