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Intangible Assets | 12 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets |
5. | Intangible Assets
The Company’s intangible assets consist of intellectual property acquired from LAT Pharma, Inc. and are amortized over their estimated useful lives. The following is a summary of the intangible assets as of June 30, 2024 and 2023:
Schedule of intangible assets |  |  |  |  |  |
|  | June 30, 2024 |  |  | June 30, 2023 |
Intellectual Property |  | $ | 2,293,770 |  |  | $ | 2,293,770 |
Less: Accumulated Amortization |  |  | (1,886,052 | ) |  |  | (1,656,675 | )
Intellectual Property, Net |  | $ | 407,718 |  |  | $ | 637,095 |
Amortization expense amounted to $229,377 for each of the years ended June 30, 2024 and 2023, respectively. The Company amortizes intellectual property over the expected original useful lives of 10 years. Estimated future amortization expense is as follows:
Schedule of future amortization expense |  |  |  |
Year ending June 30, |  |  |
2025 |  | $ | 229,377 |
2026 |  |  | 178,341 |
Finite lived intangible assets, net |  | $ | 407,718 |

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