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INTANGIBLE ASSETS AND GOODWILL | 12 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | NOTE 5 — INTANGIBLE ASSETS AND GOODWILL At June 30, 2025, definite-life intangible assets, net of accumulated amortization, consisted of patents, software platform and trademarks on the Company’s products and processes of $14,994, $143,000 and $8,000. At June 30, 2024, definite-life intangible assets, net of accumulated amortization, consisted of patents on the Company’s products and processes of $30,043. The patents are recorded at cost and amortized over twenty years from the date of application. Amortization expense for the years ended June 30, 2025 and 2024 was $9,902 and $8,296, respectively. At June 30, 2025 and 2024, indefinite life intangible assets consisted of a license agreement classified as In-Process Research and Development (“IPR&D”) intangible assets, which are not amortizable until the intangible assets provide economic benefit, and goodwill. At June 30, 2025 and 2024, definite-life and indefinite-life intangible assets consisted of the following:
Schedule of definite-life and indefinite-life intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Useful Life |  | June 30, 2024 |  | Additions |  | Amortization |  | Impairment |  | Translation Adjustment |  | June 30, 2025
Definite Life Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Software platform |  | 5 Years |  | $ | — |  |  | $ | 143,000 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 143,000 |
Trademark |  | 2 Years |  | $ | — |  |  | $ | 8,000 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 8,000 |
Patents |  | 20 Years |  | $ | 284,977 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 28,033 |  |  | $ | 313,010 |
Less Accumulated Amortization |  |  |  |  | (254,934 | ) |  |  | — |  |  |  | (9,902 | ) |  |  | — |  |  |  | (33,180 | ) |  |  | (298,016 | )
Net Definite-Life Intangible Assets |  |  |  | $ | 30,043 |  |  | $ | 151,000 |  |  | $ | (9,902 | ) |  | $ | — |  |  | $ | (5,147 | ) |  | $ | 165,994 |
Goodwill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  |  |  | 159,330,161 |  |  |  | 5,963,000 |  |  |  | — |  |  |  | (170,419,429 | ) |  |  | 11,089,268 |  |  |  | 5,963,000 |
Total Goodwill |  |  |  | $ | 159,330,161 |  |  | $ | 5,963,000 |  |  | $ | — |  |  | $ | (170,419,429 | ) |  | $ | 11,089,268 |  |  | $ | 5,963,000 |
|  | Useful Life |  | June 30, 2023 |  | Additions |  | Amortization |  | Impairment |  | Translation Adjustment |  | June 30, 2024
Definite Life Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents |  | 20 Years |  | $ | 290,936 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (5,959 | ) |  | $ | 284,977 |
Less Accumulated Amortization |  |  |  |  | (251,260 | ) |  |  | — |  |  |  | (8,296 | ) |  |  | — |  |  |  | 4,622 |  |  |  | (254,934 | )
Net Definite-Life Intangible Assets |  |  |  | $ | 39,676 |  |  | $ | — |  |  | $ | (8,296 | ) |  | $ | — |  |  | $ | (1,337 | ) |  | $ | 30,043 |
Indefinite Life Intangible Assets and Goodwill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  |  |  | 11,640,000 |  |  |  | 159,464,039 |  |  |  | — |  |  |  | (11,640,000 | ) |  |  | (133,878 | ) |  |  | 159,330,161 |
IPR&D |  |  |  |  | 42,611,000 |  |  |  | — |  |  |  | — |  |  |  | (42,611,000 | ) |  |  | — |  |  |  | — |
Total Indefinite Life Intangible Assets and Goodwill |  |  |  | $ | 54,251,000 |  |  | $ | 159,464,039 |  |  | $ | — |  |  | $ | (54,251,000 | ) |  | $ | (133,878 | ) |  | $ | 159,330,161 |
Expected future amortization expense is as follows:
Schedule of future amortization expense |  |  |  |
Years ended June 30, |  |
2026 |  | $ | 36,350 |
2027 |  |  | 36,348 |
2028 |  |  | 32,348 |
2029 |  |  | 32,348 |
Thereafter |  |  | 28,600 |
Total |  | $ | 165,994 |
On February 13, 2024, the Company acquired Renovaro Cube as a wholly owned subsidiary pursuant to a stock purchase agreement. As part of the acquisition of Renovaro Cube, the Company acquired goodwill valued at $159,464,039. On April 8, 2025, the Company acquired Biosymetrics, Inc. as a wholly owned subsidiary pursuant to a stock purchase agreement. As part of the acquisition of Biosymetrics, Inc., the Company acquired goodwill valued at $5,963,500, software valued at $143,000 and Trademark valued at $8,000. Impairment Following the fourth quarter of each year, management performs its annual test of impairment of intangible assets by performing an assessment and determines if it is more likely than not that the fair value of the asset is greater than or equal to the carrying value of the asset. During the quarter ended September 30, 2024, the results of the assessment indicated that the carrying value of the RENC reporting unit exceeded its fair value, due to the decline in the estimated fair value of the reporting unit based on the Company’s market capitalization. Management concluded the significant driver for the change in the economic benefits was due to the Company’s continued inability to raise capital for the further development of the technologies within this reporting unit. Therefore, an impairment adjustment of $47,614,729 was recorded for the period ended September 30, 2024. During the quarter ended June 30, 2025, the results of the assessment indicated that the carrying value of the RENC reporting unit exceeded its fair value, due to the decline in the estimated fair value of the reporting unit based on the Company’s market capitalization. Management concluded the significant driver for the change in the economic benefits was due to the Company’s continued inability to raise capital for the further development of the technologies within this reporting unit. Therefore, an impairment adjustment of $122,804,700 was recorded for the period ended June 30, 2025.

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