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Goodwill and Intangible Assets
 3 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets  
Goodwill And Intangible Assets

8. Goodwill and Intangible Assets

 

There were no changes in the net carrying amount of goodwill during the three months ended September 30, 2025 and there have been no events or changes in circumstances that indicate the carrying value of goodwill may not be recoverable.

 

Amortizable intangible assets were comprised of:

 

 

 

Useful Lives

(Years)

 

 

September 30,

2025

 

 

June 30,

2025

 

Customer relationships

 

10 - 15

 

 

$8,852,300

 

 

$8,852,300

 

Trade secrets

 

8 - 10

 

 

 

8,998,304

 

 

 

8,998,304

 

Tradenames

 

8 - 10

 

 

 

7,706,418

 

 

 

7,706,418

 

Backlog

 

1

 

 

 

824,525

 

 

 

824,525

 

Total intangible assets

 

 

 

 

 

 

26,381,547

 

 

 

26,381,547

 

Less accumulated amortization

 

 

 

 

 

 

(10,844,149)

 

 

(10,393,624)

Total intangible assets, net

 

 

 

 

 

$15,537,398

 

 

$15,987,923

 

 

Future amortization of intangible assets is as follows:

 

Fiscal year ending:

 

 

 

June 30, 2026 (remaining nine months)

 

$1,216,202

 

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

 

 

8,556,784

 

 

 

$15,537,398