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Intangible Assets
 3 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 4 - Intangible Assets

 

The Company’s intangible assets consisted of the following as of September 30, 2025 and June 30, 2025:

 

  

September 30,

2025

  

June 30,

2025

 
Goodwill  $6,430,654   $6,852,076 
Trade name   1,736,100    1,736,100 
Accreditation   1,818,200    1,818,200 
Course curriculum   344,000    344,000 
Total cost of intangibles  $10,328,954   $10,750,376 
Less accumulated amortization   (45,176)   (40,273)
Intangibles net  $10,283,778   $10,710,103 

 

As of June 30, 2025 and June 30, 2024, no impairment of the Company’s goodwill, nor other intangibles with an indefinite life was required related to its previous acquisitions of CCC, Integrity and CCMCC. The Company recognized $4,903 and $1,253, respectively, in amortization expense for three months ended September 30, 2025 and 2024. Although the ACCET accreditation has an indefinite life, the accreditation requires renewal every five years. CCC’s ACCET accreditation was most recently renewed in April 2025 and its next renewal is in April 2030. CCMCC’s accreditation was most recently renewed in April 2022 and its next renewal is in April 2026. HDMC’s ACCET accreditation was most recently renewed in April 2024 and its next renewal is in April 2029. Although ABHES accreditation has an indefinite life, the accreditation requires renewal every five years. Integrity’s next ABHES accreditation renewal is in February 2026. 100% of goodwill is expected to be deductible for federal income tax purposes and will be amortized over 15 years on a straight-line basis.