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Intangible Assets
9 Months Ended
Mar. 31, 2020
Intangible Assets  
Intangible Assets

 

9. INTANGIBLE ASSETS

 

Intangible assets will be amortized over the estimated lives, as follows (in thousands, except expected life):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible Asset

    

Gross
Carrying Amount

    

Accumulated
Amortization

    

Net Balance March 31, 2020

    

Life

    

Income Statement Category  

Customer relationships - maintenance contracts

 

$

1,610

 

$

(1,517)

 

$

93

 

 6

 

Cost of revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible Asset

    

Gross
Carrying Amount

    

Accumulated
Amortization

    

Net Balance June 30, 2019

    

Life

    

Income Statement Category  

Customer relationships - maintenance contracts

 

$

1,610

 

$

(1,316)

 

$

294

 

 6

 

Cost of revenue

 

Amortization expense incurred for intangible assets for the three months ended March 31, 2020 and 2019 was $67,000 and $67,000, respectively. Amortization expense incurred for intangible assets for the nine months ended March 31, 2020 and 2019 was $201,000 and $371,000, respectively.  

 

Estimated future amortization expense remaining as of March 31, 2020 for intangible assets acquired is as follows:

 

 

 

 

Year Ending June 30, 

    

 

 

2020

 

 

67

2021

 

 

26

Total future amortization expense

 

$

93