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INTANGIBLE ASSETS | 12 Months Ended
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Jun. 30, 2023
Intangible Assets |
INTANGIBLE ASSETS | NOTE 12 - INTANGIBLE ASSETS Intangible assets consisted of the following: SCHEDULE OF INTANGIBLE ASSETS
|  | As of |  |  | As of |
|  | June 30, 2023 |  |  | June 30, 2022 |
Product Licenses - Cost |  | $ | 47,244,997 |  |  | $ | 47,244,997 |
Effect of Translation Adjustment |  |  | (24,756,959 | ) |  |  | (19,914,206 | )
Accumulated Amortization |  |  | (22,360,107 | ) |  |  | (25,743,121 | )
Net Balance |  | $ | 127,931 |  |  | $ | 1,587,670 |
Product Licenses Product licenses include internally-developed software cost. Product licenses are amortized on a straight-line basis over their respective lives, and the unamortized amount of $127,931 will be amortized over one month. Amortization expense for the years ended June 30, 2023 and 2022 was $1,171,641 and $1,632,764, respectively.

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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 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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