6. INTANGIBLE ASSETS Intangible assets are amortized over the estimated lives, as follows (in thousands, except expected life): | | | | | | | | | | | | | | | | Gross | | | | | | | | | | Consolidated | | | Carrying | | Accumulated | | Net Balance | | | | Statements of Operations | Intangible Asset | | Amount | | Amortization | | June 30, 2022 | | Life | | Category | Customer relationships - maintenance contracts | | | 1,610 | | | (1,610) | | | — | | 6 | | Cost of recurring | | | $ | 1,610 | | $ | (1,610) | | $ | — | | | | | | | | | | | | | | | | | | | | | Gross | | | | | | | | | | Consolidated | | | Carrying | | Accumulated | | Net Balance | | | | Statements of Operations | Intangible Asset | | Amount | | Amortization | | June 30, 2021 | | Life | | Category | Customer relationships - maintenance contracts | | | 1,610 | | | (1,610) | | | — | | 6 | | Cost of recurring | | | $ | 1,610 | | $ | (1,610) | | $ | — | | | | |
Amortization expense related to the above intangible assets were $0 and $26,000 for fiscal years ended June 30, 2022 and 2021, respectively.
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