Note 3 - Intangible Assets

12 Months Ended

Jun. 30, 2019

NOTE

INTANGIBLE ASSETS

Intangible assets consist of the following at

June 30, 2019 (

dollars in thousands):

	Average Estimated Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Completed software technology	9 to 10	$	1,035	$	(1,035	)	$	-
Customer contracts / relationships	10		514		(514	)		-
Automotive data services	20		249		(249	)		-
Acquired intellectual property	10		780		(313	)		467
Software development costs	3 to 10		12,350		(2,863	)		9,487
Total		$	14,928	$	(4,974	)	$	9,954

Intangible assets consist of the following at

June 30, 2018 (

dollars in thousands):

	Average Estimated Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Completed software technology	9 to 10	$	1,077	$	(1,077	)	$	-
Customer contracts / relationships	10		535		(535	)		-
Automotive data services	20		259		(259	)		-
Acquired intellectual property	10		810		(242	)		568
Software development costs	3 to 10		11,513		(2,624	)		8,889
Total		$	14,194	$	(4,737	)	$	9,457

For the years ended

June 30, 2019

and

2018,

the Company recognized amortization expense on its software development costs and other amortizable intangible assets of

$0.4

million and

$0.4

million, respectively.

Estimated future amortization of software development costs and intangibles for the next

five

years is as follows (in thousands):

MAM SOFTWARE GROUP, INC. 10-K/A