|12 Months Ended|
Jun. 30, 2017
|Goodwill and Intangible Assets Disclosure [Abstract]|
NOTE 11 – INTANGIBLE ASSETS
Intangible assets consisted of the following:
(A) Product Licenses
Product licenses include internally-developed original license issues, renewals, enhancements, copyrights, trademarks, and trade names. Product licenses are amortized on a straight-line basis over their respective lives, and the unamortized amount of $17,043,151 will be amortized over the next 6.75 years. Amortization expense for the years ended June 30, 2017 and 2016 was $2,776,473 and $2,765,018, respectively.
(B) Future Amortization
Estimated amortization expense of intangible assets over the next five years is as follows:
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://www.xbrl.org/2003/role/presentationRef