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Intangible Assets | 12 Months Ended
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Jun. 30, 2024
Intangible Assets [Abstract] |
INTANGIBLE ASSETS | NOTE 4 – INTANGIBLE ASSETS Intangible assets are summarized as follows:
|  | June 30, 2024 |  |  | June 30, 2023 |
Software registration or using right |  | $ | 1,809,548 |  |  | $ | 1,635,307 |
Patent |  |  | 14,729 |  |  |  | 14,527 |
Software and technology development costs |  |  | 11,770 |  |  |  | 631,250 |
Value-added telecommunications business license |  |  | 15,587 |  |  |  | 15,374 |
Subtotal |  |  | 1,851,634 |  |  |  | 2,299,458 |
Less: Accumulated amortization |  |  | 1,305,633 |  |  |  | 1,110,671 |
Total |  | $ | 546,001 |  |  | $ | 1,185,787 |
Software registration or using right represented the purchase cost of customized software with its source code from third party software developer. Software and technology development cost represented development costs incurred internally after the technological feasibility was established and a working model was produced and was recorded as intangible asset. Amortization for the years ended June 30, 2024 and 2023 was $462,107 and $607,836, respectively. The amortization expense for the next five years as of June 30, 2024 will be $303,350, $191,803, $50,848, $0 and $0. The Company disposed $0.62 million intangible assets with related accumulated amortization of $0.28 million resulting from the disposal of Zhangxun in July 2023 (see Note 13).

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