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Intangible Assets
 6 Months Ended
Dec. 31, 2024
Intangible Assets [Abstract]  
Intangible Assets
7.Intangible Assets

 

Intangible assets consist of the following at:

 

   December 31,
2024		   June 30,
2024		 
Technology  $600,000   $600,000 
Customer relationships   570,000    570,000 
Trademarks   580,000    580,000 
Total   1,750,000    1,750,000 
Less: accumulated amortization   (340,075)   (263,077)
Total intangible assets, net  $1,409,925   $1,486,923 

 

The Company holds 14 patents, which are included in technology. These patents cover the functions of the Company’s products that allow its machines to produce the ozone in the form of nanobubbles.

 

Amortization expense related to intangibles was $38,499 for each of the three months ended December 31, 2024 and 2023, and $76,998 for each of the six months ended December 31, 2024 and 2023, respectively.