Intangible Assets

12 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 9: Intangible Assets

Intangible assets consisted of the following as of June 30, 2022 (in thousands):

		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Weighted Average Useful Life in Years
Trademarks		$	702			$	(99	)		$	603				5
Developed Technology		$	1,911			$	(221	)		$	1,690				10
Customer Relationships		$	7,455			$	(754	)		$	6,701				7
Total		$	10,068			$	(1,074	)		$	8,994

Intangible assets consisted of the following as of June 30, 2021 (in thousands):

		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Weighted Average Useful Life in Years
Developed Technology		$	634			$	(62	)		$	572				15

Amortization expense totaled $1 million for the year ended June 30, 2022. Estimated future amortization expense of intangible assets for each of the next five fiscal years and thereafter are as follows (in thousands):

2023		$	1,431
2024		$	1,431
2025		$	1,431
2026		$	1,431
2027		$	1,332
Thereafter		$	1,938
Total		$	8,994