Quarterly report pursuant to Section 13 or 15(d)

Goodwill

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Goodwill
 9 Months Ended
Mar. 31, 2023
Goodwill [Abstract]  
Goodwill

Note 8. Goodwill

 

The Company performs an annual test for goodwill impairment during our last fiscal quarter. The Company will also test for impairment between annual test dates if an event occurs or circumstances change that would indicate the carrying amount may be impaired.

 

During the nine months ended March 31, 2023, the Company did not identify any events or circumstances that would require an interim goodwill impairment test. The Company does not amortize goodwill as it has been determined to have an indefinite useful life. The carrying amount of goodwill as of March 31, 2023 was $14.5 million.