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Intangible Assets, Net | 12 Months Ended
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Jun. 30, 2023
Intangible Assets, Net [Abstract] |
INTANGIBLE ASSETS, NET | NOTE 7 – INTANGIBLE ASSETS, NET As of June 30, 2023 and 2022, intangible assets, net consisted of the following:
|  | As of June 30, |
|  | 2023 |  |  | 2022 |
Customer relationship |  | $ | 924,351 |  |  | $ | 1,021,509 |
Customer contracts |  |  | - |  |  |  | 344,003 |
Software |  |  | 222,982 |  |  |  | 228,853 |
Less: accumulated amortization |  |  | (421,158 | ) |  |  | (624,321 | )
Intangible assets, net |  | $ | 726,175 |  |  | $ | 970,044 |
During the year ended June 30, 2022, software of $150,468 was derived from the asset acquisition of MSCT with an estimated useful life of 10 years (Note 3). The movement of intangible assets, net is as follow:
|  | For the year ended June 30, 2023 |
Balance as of July 1, 2022 |  | $ | 970,044 |
Addition |  |  | - |
Amortization |  |  | (179,078 | )
Disposal |  |  | (74,686 | )
Foreign currency translation adjustment |  |  | 9,895 |
Balance as of June 30, 2023 |  | $ | 726,175 |
The amortization expenses were $179,078, $202,412 and $273,178 for the years ended June 30, 2023, 2022 and 2021. Estimated future amortization expenses are as follows:
Year ending June 30, |  | Amortization expense |
2024 |  | $ | 121,050 |
2025 |  |  | 116,823 |
2026 |  |  | 109,954 |
2027 |  |  | 107,628 |
2028 |  |  | 107,493 |
2029 and after |  |  | 163,227 |
Total |  | $ | 726,175 |
No impairment losses were recognized for the years ended June 30, 2023, 2022 and 2021.

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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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