v3.26.1
Note 3 - Intangible Assets
9 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Intangible Asset and Goodwill [Text Block]

NOTE 3  INTANGIBLE ASSETS

 

The following table summarizes the Company’s intangible assets as of March 31, 2026 (in thousands):

 

   

Amortization

                         
   

Period (in

   

Gross Asset

   

Accumulated

   

Net Book

 
   

years)

   

Cost

   

Amortization

   

Value

 

Customer relations

    11     $ 970     $ 749     $ 221  

Patents

    20       70       23       47  

Trademark

    20       78       26       52  
            $ 1,118     $ 798     $ 320  

  

NOTE 3  INTANGIBLE ASSETS (continued)

 

The following table summarizes the Company’s intangible assets as of  June 30, 2025 (in thousands):

 

   

Amortization

                         
   

Period (in

   

Gross Asset

   

Accumulated

   

Net Book

 
   

years)

   

Cost

   

Amortization

   

Value

 

Customer relations

    11     $ 970     $ 711     $ 260  

Patents

    20       70       21       49  

Trademark

    20       78       23       55  
            $ 1,118     $ 755     $ 364  

 

Amortization expense was $15,000 and $15,000 for the three months ended March 31, 2026 and 2025 respectively, and $44,000 and $44,000 for the nine months ended March 31, 2026 and 2025, respectively,

and is included in general and administrative expense.

 

Estimated amortization expense related to intangible assets subject to amortization at March 31, 2026 in each of the years subsequent to March 31, 2026, and thereafter is as follows (amounts in thousands);

 

 

2026 balance of fiscal year

  $ 15  

2027

    60  

2028

    60  

2029

    60  

2030

    60  

Thereafter

    65  

Total

  $ 320