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Intangible assets (Tables)

12 Months Ended

Jun. 30, 2024

Disclosure of detailed information about intangible assets [abstract]

Schedule of Intangible assets

Schedule of Intangible assets

		2024 ($)				2023 ($)
Trademark - at cost			52,243				50,843
Less: Accumulated amortization			(29,653	)			(24,429	)
Trademark - at cost, net			22,590				26,414
Platform development - at cost			1,988,033				1,136,149
Less: Accumulated depreciation			(713,360	)			(351,202	)
Platform development - at cost, net			1,274,673				784,947

Total intangible assets			1,297,263				811,361

Schedule of Reconciliations of the Movement of Intangible Assets

Reconciliations of the movement of intangible assets are set out below:

		2024 ($)				2023 ($)
Trademark
Balance at beginning of the period			26,414				26,414
Additions			1,400				-
Amortization expense			(5,224	)			-
Balance at end of the period			22,590				26,414

Platform development costs
Balance at beginning of the period			784,947				1,034,302
Additions from internal development			177,456				352,182
Additions acquired *			674,220				-
Research & Development tax incentive			-				(383,937	)
Amortization expense			(361,950	)			(217,600	)
Balance at end of the period			1,274,673				784,947

*

Included in additions is acquired intangible assets of:

	●	In September 2023, we completed the acquisition of the assets of Steppen Pty Ltd, a fitness technology company based in Australia (“Steppen”). As consideration for the asset acquisition, we issued Steppen an unsecured and non-redeemable convertible promissory note (on the same terms as the recently completed Private Placement), with a principal amount of US$ 64,977 (AUD$100,000).

	●	In October 2023, we completed the acquisition of the assets of Mixed Martials Arts LLC, an independent MMA media company, based in the US. As consideration for the asset acquisition, we issued Mixed Martials Arts LLC an unsecured and non-redeemable convertible promissory note (on the same terms as the recently completed Private Placement), with a principal amount of US$250,000 (AUD$384,750) and paid US$25,000 in cash.

	●	In May 2024, we completed the acquisition of the assets of Hype Kit, Inc, a Delaware corporation (“Hype”), an all in-one digital marketing platform, designed to help small businesses grow in today’s age of social media. Hype’s software platform strengthens the Company’s vision to convert 640 million MMA fans to participants by providing invaluable tools to our gym owner, coach, and athlete partners to not only grow their revenues, but also operate more efficiently, save costs and enhance the offerings to their members and community. This acquisition is expected to accelerate Alta’s technology roadmap, bringing forward new subscription revenue opportunities for us, whilst creating cost synergies by materially reducing product development overhead and bringing valuable technology expertise, skills and talent into the business. The acquisition was completed, and the asset purchased for consideration of USD$100,000 (AUD$153,000)

	●	Management determined both the acquired intangible assets did not pass the concentration test under IFRS 3 Business Combinations. Thereby were accounted for as acquisition of intangible assets.