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Intangible assets, net | 3 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible assets, net | Note 8 – Intangible assets, net As of September 30, 2024 and June 30, 2024, intangible assets, net, consisted of the following:
Schedule of intangible assets, net |  |  |  |  |  |
|  | September 30, 2024 |  |  | June 30, 2024 |
Covenant not to compete |  | $ | 3,459,120 |  |  | $ | 3,459,120 |
Supplier relationships |  |  | 1,179,246 |  |  |  | 1,179,246 |
Software |  |  | 534,591 |  |  |  | 534,591 |
Accumulated amortization |  |  | (1,704,560 | ) |  |  | (1,542,257 | )
Total |  | $ | 3,468,357 |  |  | $ | 3,630,700 |
The intangible assets were acquired on February 15, 2022 through acquisition of Anivia. The weighted average remaining life for finite-lived intangible assets at September 30, 2024 was approximately 5.95 years. The amortization expense for the three months ended September 30, 2024 and 2023 was $162,343 and $162,343, respectively. At September 30, 2024, finite-lived intangible assets are expected to be amortized over their estimated useful lives, which ranges from a period of five to 10 years, and the estimated remaining amortization expense for each of the five succeeding years thereafter is as follows:
Schedule of amortization expense |  |  |
Year Ending June 30, |  | Amount |
2025 |  | $ | 487,028 |
2026 |  |  | 649,371 |
2027 |  |  | 609,277 |
2028 |  |  | 468,750 |
2029 |  |  | 345,912 |
Thereafter |  |  | 908,019 |
Intangible assets, net |  | $ | 3,468,357 |

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