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Intangible Assets

9 Months Ended

Mar. 31, 2025

Intangible Assets

Intangible Assets

Note 6. Intangible Assets

Intangible assets as of March 31, 2025:

		Estimated Life		Cost				Accumulated Amortization				Net Book Value
Customer relationships		4 years		$	1,834,692			$	1,834,692			$	-
Trade name		5 years			383,792				201,492				182,300
Online sales channels		2 years			1,800,000				1,800,000				-
Vender relationships		5 years			6,000,000				6,000,000				-
				$	10,018,484			$	9,836,184			$	182,300

For the three months ended March 31, 2025 and 2024, the Company amortized approximately $19,191 and 2,195,079, respectively. 

For the nine months ended March 31, 2025 and 2024, the Company amortized approximately $57,571 and $3,512,794, respectively.

Intangible assets as of June 30, 2024:

		Estimated Life		Cost				Accumulated Amortization				Net Book Value
Customer relationships		4 years		$	1,834,692			$	1,834,692			$	-
Trade name		5 years			383,792				143,921				239,871
Online sales channels		2 years			1,800,000				1,800,000				-
Vender relationships		5 years			6,000,000				6,000,000				-
				$	10,018,484			$	9,778,613			$	239,871

Future amortization of intangible assets on March 31, 2025 are as follows:
June 30, 2025		$	19,189
June 30, 2026			76,758
June 30, 2027			76,758
June 30, 2028			9,595
		$	182,300

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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-Name Accounting Standards Codification
-Publisher FASB
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-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 3
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
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-URI https://asc.fasb.org/985-20/tableOfContent

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