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DEFINITE LIVED INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 4 – DEFINITE LIVED INTANGIBLE ASSETS

The definite lived intangible assets consisted of the following as of December 31, 2021:


Definite lived intangible assets:	Expected Life	Average Remaining life		Gross Intangible Assets		Less Accumulated Amortization		Net Intangible Assets
Complete technology	3 years		–	$	18,397	$	18,397	$	–
Technology in progress	Not Applicable		–		169,471		–		169,471
Software	5 years		2.8 years		401,351		290,776		110,575
Patents	10 years		3.4 years		21,365		14,029		7,336
Certifications & licenses	3 years		1.3 years		1,957,376		768,648		1,188,728
Total as of December 31, 2021				$	2,567,960	$	1,091,850	$	1,476,110

The definite lived intangible assets consisted of the following as of June 30, 2021:

Definite lived intangible assets:	Expected Life	Average Remaining life		Gross Intangible Assets		Less Accumulated Amortization		Net Intangible Assets
Complete technology	3 years		0.5 years	$	18,397	$	15,331	$	3,066
Technology in progress	Not Applicable		–		602,388		–		602,388
Software	5 years		3.0 years		399,811		268,495		131,316
Patents	10 years		3.9 years		21,105		12,951		8,154
Certifications & licenses	3 years		1.6 years		1,070,770		568,944		501,826
Total as of June 30, 2021				$	2,112,471	$	865,721	$	1,246,750

Amortization expense recognized for the three months ended December 31, 2021 and 2020 was $132,435 and $112,895, respectively, and for the six months ended December 31, 2021 and 2020 was $226,129 and $240,535, respectively. The amortization expenses of the definite lived intangible assets for the future are as follows:


Schedule of future amortization expense
		FY2022		FY2023		FY2024		FY2025		FY2026		Thereafter
Total	$	369,306	$	526,876	$	376,258	$	162,129	$	14,041	$	27,500