Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.20.2
Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2020
Intangible Assets  
Schedule of Category the gross carrying value and accumulated amortization of intangible assets

The following table summarizes by category the gross carrying value and accumulated amortization of intangible assets (in thousands):

 

 

 

 

 

 

 

 

 

    

June 30, 

    

June 30, 

 

 

2020

 

2019

Intellectual property – gross carrying value

 

$

3,100

 

$

3,100

Patents – gross carrying value

 

 

2,628

 

 

2,560

 

 

 

5,728

 

 

5,660

Intellectual property – accumulated amortization

 

 

(2,555)

 

 

(2,399)

Patents – accumulated amortization

 

 

(2,029)

 

 

(1,887)

 

 

 

(4,584)

 

 

(4,286)

Net intangible assets

 

$

1,144

 

$

1,374

 

Schedule of Estimated annual amortization expenses for next five years and thereafter

The estimated annual amortization expense for the next five years and thereafter is as follows (in thousands):

 

 

 

 

 

For the Year Ending

    

 

 

June 30, 

 

 

 

2021

 

$

280

2022

 

 

266

2023

 

 

252

2024

 

 

156

2025

 

 

62

Thereafter

 

 

128

Total

 

$

1,144