v3.26.3
Note 9 - Goodwill and Intangible Assets
 3 Months Ended
Sep. 30, 2026
Notes to Financial Statements  
Intangible Asset and Goodwill [Text Block]

9. Goodwill and Intangible Assets

 

There were no changes in the goodwill balance of $19.3 million during the three months ended September 30, 2026. We assess goodwill for impairment annually during the fourth quarter or under certain circumstances more frequently, such as when events or circumstances indicate there may be impairment. There have been no events or changes in circumstances that indicate the carrying value of goodwill may not be recoverable.

 

Amortizable intangible assets were comprised of:

 

      

September 30, 2026

  

June 30, 2026

 
  

Useful Lives (Years)

  

Gross

  

Accumulated Amortization

  

Net

  

Gross

  

Accumulated Amortization

  

Net

 

Customer relationships

  10 - 15  $10,422,300  $(3,042,737) $7,379,563  $10,422,300  $(2,854,929) $7,567,371 

Know-how

  8 - 10   9,928,304   (4,401,594)  5,526,710   9,928,304   (4,235,186)  5,693,118 

Tradenames

  8 - 15   8,096,418   (4,351,056)  3,745,362   8,096,418   (4,272,746)  3,823,672 

Backlog

  1   914,525   (886,585)  27,940   914,525   (864,085)  50,440 

Total intangible assets, net

     $29,361,547  $(12,681,972) $16,679,575  $29,361,547  $(12,226,946) $17,134,601 

 

Future amortization of intangible assets is as follows:

 

Fiscal year ending:

    

June 30, 2027 (remaining nine months)

 $1,325,517 

June 30, 2028

  1,730,103 

June 30, 2029

  1,730,103 

June 30, 2030

  1,730,103 

June 30, 2031

  1,730,103 

After June 30, 2031

  8,433,646 
  $16,679,575