v3.22.2.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2022
GOODWILL AND INTANGIBLE ASSETS  
Summary of intangible assets

The following table summarizes the Company’s intangible assets as of June 30, 2022 (in thousands):

Amortization

Gross Asset

Accumulated

Net Book

    

Period

    

Cost

    

Amortization

    

Value

Customer relations

 

11 years

$

970

$

257

$

713

Patents

 

20 years

 

70

 

10

 

60

Trademark

 

20 years

 

78

 

12

 

66

 

  

$

1,118

$

279

$

839

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 relations

 

11 years

$

970

$

169

$

801

Patents

 

20 years

 

70

 

7

 

63

Trademark

 

20 years

 

78

 

7

 

71

 

  

$

1,118

$

183

$

935

Summary of estimated amortization expense related to intangible assets

Estimated amortization expense related to intangible assets subject to amortization at June 30, 2022 in each of the five fiscal years subsequent to June 30, 2022, and thereafter is as follows (amounts in thousands):

2023

    

$

96

2024

 

96

2025

 

96

2026

 

96

2027

 

96

Thereafter

 

359

Total

$

839