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Goodwill and Intangible Assets

6 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets

Goodwill And Intangible Assets

7. Goodwill and Intangible Assets

There were no changes in the net carrying value of goodwill during the six months ended December 31, 2024.

Amortizable intangible assets were comprised of:

		Useful Lives (Years)				December 31, 2024				June 30, 2024
Customer relationships		10 - 15				$	3,712,300			$	3,712,300
Trade secrets		8 - 10					4,197,304				4,197,304
Trademarks		8 - 10					4,256,418				4,256,418
Backlog		1					463,525				463,525
Total intangible assets							12,629,547				12,629,547
Less accumulated amortization							(9,669,295	)			(8,978,808	)
Total intangible assets, net						$	2,960,252			$	3,650,739

Future amortization of intangibles is as follows:

Fiscal year ending:
June 30, 2025 (six months remaining)		$	194,167
June 30, 2026			388,336
June 30, 2027			388,336
June 30, 2028			388,336
June 30, 2029			388,336
After June 30, 2029			1,212,741
		$	2,960,252

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- References

No definition available.

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- 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

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