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INTANGIBLE ASSETS
 9 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 11 - INTANGIBLE ASSETS

 

Intangible assets consisted of the following:

 

   As of   As of 
   March 31, 2024   June 30, 2023 
         
Product Licenses - Cost  $39,395,533   $47,244,997 
Effect of Translation Adjustment   (24,348,267)   (24,756,959)
Accumulated Amortization   (15,047,266)   (22,360,107)
Net Balance  $-   $127,931 

 

Product Licenses

 

Product licenses include internally developed software cost. Product licenses are amortized on a straight-line basis over their respective lives. Amortization expense for the three and nine months ended March 31, 2024, was $nil and $126,041, respectively. Amortization expense for the three and nine months ended March 31, 2023, was $275,652 and $921,144, respectively.