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Property and Equipment and Capitalized Software | 12 Months Ended
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Jun. 30, 2025
Property and Equipment and Capitalized Software [Abstract] |
Property and Equipment and Capitalized Software | Note 3 - Property and Equipment and Capitalized Software Property and equipment are summarized as follows:
|  | For the Years Ended June 30, |
|  | 2025 |  |  | 2024 |
Furniture and fixtures |  | $ | 41,360 |  |  | $ | 41,360 |
Computer equipment |  |  | 140,983 |  |  |  | 140,983 |
Total cost |  |  | 182,343 |  |  |  | 182,343 |
Less accumulated depreciation |  |  | (142,907 | ) |  |  | (117,559 | )
Closing balance |  | $ | 39,436 |  |  | $ | 64,784 |
Depreciation expense for the years ended June 30, 2025 and 2024 was $25,348 and $25,349 and is included in the line items “General and administrative expenses” in the accompanying statements of operations. Capitalized software is summarized as follows:
|  | Year Ended |
|  | June 30, |
|  | 2025 |  |  | 2024 |
Beginning capitalized software |  | $ | 3,993,691 |  |  | $ | 3,618,991 |
Additions |  |  | 378,300 |  |  |  | 374,700 |
Impairment |  |  | (90,869 | ) |  |  | - |
Ending capitalized software |  |  | 4,281,122 |  |  |  | 3,993,691 |
Beginning accumulated amortization |  |  | 3,348,863 |  |  |  | 2,840,545 |
Amortization expense |  |  | 408,455 |  |  |  | 508,318 |
Ending accumulated amortization |  |  | 3,757,318 |  |  |  | 3,348,863 |
Capitalized software - net |  | $ | 523,804 |  |  | $ | 644,828 |
Amortization expense for the years ended June 30, 2025 and 2024 was $408,455 and $508,318, respectively, and included in the line item “Technology and content development” in the accompanying statements of operations. During the fiscal year ended June 30, 2025, the Company recognized a $90,869 impairment loss related to capitalized software in the accompanying statement of operations. The impairment was triggered by management’s decision to discontinue development of the higher ed/professional learning app due to a shift in strategic focus to the NurseMagic™ app. The carrying amount of the software prior to impairment was $162,000. The recoverability test was performed using the asset group's estimated undiscounted future cash flows. Because the carrying amount exceeded the recoverable amount, the asset was written down to its fair value of approximately $72,000 determined using a discounted cash flow approach (Level 3 input under the fair value hierarchy). Future Estimated Amortization:
FY2026 |  | $ | 216,412 |
FY2027 |  |  | 212,012 |
FY2028 |  |  | 95,380 |
Total |  | $ | 523,804 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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