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OTHER INTANGIBLE ASSETS | 12 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
OTHER INTANGIBLE ASSETS | NOTE 7 - OTHER INTANGIBLE ASSETS Other intangible assets, net of accumulated amortization, at June 30, 2025 and 2024, are comprised of:
Schedule of other intangible assets, net of accumulated amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Weighted average useful lives |  | Gross carrying amount – June 30, 2025 |  | Accumulated amortization – June 30, 2025 |  | Net carrying amount – June 30, 2025
Capitalized software development costs |  |  | 5 years |  |  | $ | 7,004,847 |  |  | $ | (7,004,847 | ) |  | $ | — |
Software License |  |  | 3 years |  |  |  | 1,260,000 |  |  |  | (756,000 | ) |  |  | 504,000 |
Patents and copy rights |  |  | 15 years |  |  |  | 5,229,429 |  |  |  | (4,255,393 | ) |  |  | 974,036 |
Non-compete |  |  | 7 years |  |  |  | 4,150,000 |  |  |  | (4,150,000 | ) |  |  | — |
Customer relationships |  |  | 20 years |  |  |  | 3,900,000 |  |  |  | (2,385,833 | ) |  |  | 1,514,167 |
Total |  |  |  |  |  | $ | 21,544,276 |  |  | $ | (18,552,073 | ) |  | $ | 2,992,203 |
|  | Weighted average useful lives |  | Gross carrying amount – June 30, 2024 |  | Accumulated amortization – June 30, 2024 |  | Net carrying amount – June 30, 2024
Capitalized software development costs |  |  | 5 years |  |  | $ | 7,004,847 |  |  | $ | (7,004,847 | ) |  | $ | — |
Patents and copy rights |  |  | 15 years |  |  |  | 5,259,811 |  |  |  | (4,103,654 | ) |  |  | 1,156,157 |
Non-compete |  |  | 7 years |  |  |  | 4,150,000 |  |  |  | (4,150,000 | ) |  |  | — |
Customer relationships |  |  | 20 years |  |  |  | 3,900,000 |  |  |  | (2,185,833 | ) |  |  | 1,714,167 |
Total |  |  |  |  |  | $ | 20,314,658 |  |  | $ | (17,444,334 | ) |  | $ | 2,870,324 |
The estimated amortization of other intangible assets for the five years ending June 30, 2030 and thereafter is as follows:
Schedule of estimated amortization of other intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Schedule Of Other Intangible Assets For the Years Ending June 30, |  | Total |  | Software License |  | Patents and Copyrights |  | Customer Relationships
2026 |  |  | $ | 756,880 |  |  | $ | 420,000 |  |  | $ | 136,880 |  |  | $ | 200,000 |
2027 |  |  |  | 402,426 |  |  |  | 84,000 |  |  |  | 118,426 |  |  |  | 200,000 |
2028 |  |  |  | 306,103 |  |  |  | — |  |  |  | 106,103 |  |  |  | 200,000 |
2029 |  |  |  | 295,898 |  |  |  | — |  |  |  | 95,898 |  |  |  | 200,000 |
2030 |  |  |  | 291,464 |  |  |  | — |  |  |  | 91,464 |  |  |  | 200,000 |
Thereafter |  |  |  | 939,432 |  |  |  | — |  |  |  | 425,265 |  |  |  | 514,167 |
Other intangible assets - net |  |  | $ | 2,992,203 |  |  | $ | 504,000 |  |  | $ | 974,036 |  |  | $ | 1,514,167 |
The weighted average amortization period for other intangible assets is 9.0 years and they have no expected residual value. Information related to the above intangible assets for the years ended June 30, 2025 and 2024 is as follows:
Schedule of other intangible assets |  |  |  |  |  |  |  |
Other Intangible Assets |  |  |  |
|  | For the Year-ended June 30,
|  | 2025 |  | 2024
Balance – Beginning of Year |  | $ | 2,870,324 |  |  | $ | 3,431,865 |
Amounts capitalized |  |  | 25,325 |  |  |  | 32,885 |
Patents written off |  |  | (55,707 | ) |  |  | (225,419 | )
Correction of an error (Note 2) |  |  | 882,000 |  |  |  | — |
Amortization |  |  | (729,739 | ) |  |  | (369,007 | )
Balance – End of Year |  | $ | 2,992,203 |  |  | $ | 2,870,324 |
Amortization of patents and copyrights for the years ended June 30, 2025 and 2024 amounted to $151,739 and $169,007, respectively. Amortization of customer relationships for the years ended June 30, 2025 and 2024 amounted to $200,000 and $200,000, respectively. Amortization of software licenses for the years ended June 30, 2025 and 2024 amounted to $378,000 and $0, respectively.

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