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Intangible Assets
 6 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 9 – Intangible Assets

 

As of December 31, 2025 and June 30, 2025, intangible assets, net, consisted of the following: 

        
   December 31, 2025   June 30, 2025 
Covenant not to compete  $3,459,120   $3,459,120 
Supplier relationships   1,179,246    1,179,246 
Software   534,591    534,590 
Accumulated amortization   (2,516,314)   (2,191,628)
Total  $2,656,643   $2,981,328 

 

The intangible assets were acquired on February 15, 2022 through acquisition of Anivia. The weighted average remaining life for finite-lived intangible assets at December 31, 2025 was approximately 4.7 years. The amortization expense for the three and six months ended December 31, 2025 was $162,343 and $324,686, respectively. The amortization expense for the three and six months ended December 31, 2024 was $162,343 and $324,686, respectively. At December 31, 2025, 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:

 

    
Year Ending June 30,  Amount 
2026  $324,686 
2027   609,277 
2028   468,750 
2029   345,912 
2030   345,912 
Thereafter   562,106 
Intangible assets, net  $2,656,643