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INTANGIBLE ASSETS

3 Months Ended

Sep. 30, 2021

INTANGIBLE ASSETS

INTANGIBLE ASSETS

NOTE 4 — INTANGIBLE ASSETS

The following table summarizes the Company’s intangible assets as of September 30, 2021 (in thousands):


		Amortization		Gross Asset			Accumulated			Net Book
		Period		Cost			Amortization			Value
Customer relationships		11 years		$	970		$	191		$	779
Patents		20 years			70			8			62
Trademark		20 years			78			8			70
				$	1,118		$	207		$	911

The following table summarizes the Company’s intangible assets as of June 30, 2021 (in thousands):


		Amortization		Gross Asset			Accumulated			Net Book
		Period		Cost			Amortization			Value
Customer relationships		11 years		$	970		$	169		$	801
Patents		20 years			70			7			63
Trademark		20 years			78			7			71
				$	1,118		$	183		$	935

Amortization expense was $24,000 and $24,000 for the three months ended September 30, 2021 and 2020, respectively, and is included in general and administrative expense.

Estimated amortization expense related to intangible assets subject to amortization at September 30, 2021 in each of the five fiscal years subsequent to September 30, 2021, and thereafter is as follows (amounts in thousands):


2022 remaining		$	72
2023			96
2024			96
2025			96
2026			96
Thereafter			455
Total		$	911