Intangible Assets |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets |
NOTE 13 - 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 $9,637,010 will be amortized over the next 4.75 years. Amortization expense for the three and six months ended December 31, 2018 was $539,990 and $1,125,698, respectively. Amortization expense for the three and six months ended December 31, 2017 was $683,220 and $1,373,547, respectively.
(B) Future Amortization
Estimated amortization expense of intangible assets over the next five years is as follows:
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