XML 31 R20.htm IDEA: XBRL DOCUMENT v3.21.2

INTANGIBLE ASSETS

3 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 13 - INTANGIBLE ASSETS

Intangible assets consisted of the following:

SCHEDULE OF INTANGIBLE ASSETS

		As of				As of
		September 30, 2021				June 30, 2021
Product Licenses - Cost		$	47,244,997			$	47,244,997
Effect of Translation Adjustment			(16,197,429	)			(14,440,001	)
Accumulated Amortization			(27,864,251	)			(28,900,340	)
Net Balance		$	3,183,317			$	3,904,656

(A) Product Licenses

Product licenses include internally developed original license issues, renewals, enhancements, copyrights, trademarks, and trade names. Product licenses are amortized on a straight-line basis over their respective lives, and the unamortized amount of $3,183,317 will be amortized over the next 2.0 years. Amortization expense for the three months ended September 30, 2021 and 2020 was $440,284 and $432,772, respectively.

(B) Future Amortization

Estimated amortization expense of intangible assets is as follows:

SUMMARY OF ESTIMATED AMORTIZATION EXPENSE OF INTANGIBLE ASSETS

Period ended:
September 30, 2022		$	1,701,347
September 30, 2023			1,481,970
Net Balance		$	3,183,317

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

+ Details

Name:	us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration