XML 30 R15.htm IDEA: XBRL DOCUMENT
v3.25.2

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Jun. 30, 2025
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 7. Goodwill and Intangible Assets In connection with the December 2016 acquisition of ISP, the Company identified intangible assets, which were recorded at fair value and are being amortized on a straight-line basis over their useful lives. The excess purchase price over the fair values of all identified assets and liabilities was recorded as goodwill, attributable primarily to expected synergies and the assembled workforce of ISP. The increase in goodwill during the year ended June 30, 2025 was due to the acquisition of G5 Infrared. See Note 3, Acquisitions, to these consolidated financial statements, for more information. There have been no events or changes in circumstances that indicate the carrying value of goodwill may not be recoverable. Identifiable intangible assets were comprised of:
|  | Useful Lives (Years) |  |  | June 30, 2025 |  |  | June 30, 2024 |
Customer relationships |  | 10 - 15 |  |  | $ | 8,852,300 |  |  | $ | 3,712,300 |
Trade secrets |  | 8 - 10 |  |  |  | 8,998,304 |  |  |  | 4,197,304 |
Tradenames |  | 8 - 10 |  |  |  | 7,706,418 |  |  |  | 4,256,418 |
Backlog |  |  | 1 |  |  |  | 824,525 |  |  |  | 463,525 |
Total intangible assets |  |  |  |  |  |  | 26,381,547 |  |  |  | 12,629,547 |
Less accumulated amortization |  |  |  |  |  |  | (10,393,624 | ) |  |  | (8,978,808 | )
Total intangible assets, net |  |  |  |  |  | $ | 15,987,923 |  |  | $ | 3,650,739 |
Future amortization of identifiable intangible assets is as follows:
Fiscal year ending: |  |  |
June 30, 2026 |  |  | 1,666,728 |
June 30, 2027 |  |  | 1,441,103 |
June 30, 2028 |  |  | 1,441,103 |
June 30, 2029 |  |  | 1,441,103 |
June 30, 2030 |  |  | 1,441,103 |
After June 30, 2030 |  |  | 8,556,783 |
|  | $ | 15,987,923 |

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 The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration