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Finite-life Intangible Assets
3 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Finite-life Intangible Assets

Note 4. Finite-life Intangible Assets

 

The carrying value of patents and trademarks includes the original cost of obtaining the patents, periodic renewal fees, and other costs associated with maintaining and defending patent and trademark rights. Patents and trademarks are amortized over their estimated useful lives, generally 15 and 12 years, respectively. Accumulated amortization was $1,040,000 and $1,010,000 at September 30, 2019 and June 30, 2019, respectively.

 

The activity and balances of finite-life intangible assets were approximately as follows:

 

 

 

Three Months Ended
September 30, 2019

 

 

Fiscal Year Ended
June 30, 2019

 

Balance, beginning

 

$

581,000

 

 

$

649,000

 

Additions

 

 

11,000

 

 

 

58,000

 

Abandonments

 

 

 

 

 

(5,000

)

Amortization expense

 

 

(30,000

)

 

 

(121,000

)

Balance, ending

 

$

562,000

 

 

$

581,000