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ACQUIRED INTANGIBLE ASSETS (Tables)

9 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Calculation of Acquired Intangibles by Asset Class

			As of March 31, 2023
			Cost						Accumulated Amortization						Net
Technology assets			$	1,802,589					$	(308,166)					$	1,494,423
Customer assets			3,650,068						(922,606)						2,727,462
Total			$	5,452,657					$	(1,230,772)					$	4,221,885
			As of June 30, 2022
			Cost						Accumulated Amortization						Net
Technology assets			$	999,032					$	(738,710)					$	260,322
Customer assets			1,595,219						(780,333)						814,886
Total			$	2,594,251					$	(1,519,043)					$	1,075,208

Schedule of Calculation of Estimated Future Amortization Expense

The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets:

Fiscal years ending June 30,
2023 (three months ended)			$	197,194
2024			743,983
2025			631,788
2026			588,646
2027			518,602
2028 and Thereafter			1,541,672
Total			$	4,221,885

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- References

No definition available.

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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