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Goodwill and Other Intangible Assets

3 Months Ended

Sep. 30, 2025

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

5. Goodwill and Other Intangible Assets.

The following table summarizes the changes in goodwill:


Balance as of June 30, 2025		$	11,128,000
Other - Foreign currency translation			10,000
Balance as of September 30, 2025		$	11,138,000

Other intangible assets and related amortization are as follows:


							September 30, 2025						June 30, 2025
		Carrying			Useful Life		Accumulated			Net Carrying			Accumulated			Net Carrying
		Amount			(Years)		Amortization			Amount			Amortization			Amount
Tradename		$	8,570,000		Indefinite		$	—		$	8,570,000		$	—		$	8,570,000
Customer relationships			18,300,000		12			2,445,000			15,855,000			2,064,000			16,236,000
		$	26,870,000				$	2,445,000		$	24,425,000		$	2,064,000		$	24,806,000

For each of the three months ended September 30, 2025 and 2024, amortization of intangible assets expensed to operations was $381,000. The weighted average remaining amortization period for intangible assets as of September 30, 2025 and June 30, 2025 is approximately 10.4 years and 10.6 years, respectively.

Remaining estimated annual amortization expense is as follows for the fiscal years ended June 30:



Remainder of 2026		$	1,144,000
2027			1,525,000
2028			1,525,000
2029			1,525,000
2030			1,525,000
Thereafter			8,611,000
Total		$	15,855,000