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Intangible Assets
 12 Months Ended
Jun. 30, 2023
Intangible Assets [Abstract]  
Intangible Assets

Note 6. Intangible Assets

 

  Gamma
Linolenic
Acid (“GLA’)
assets and
licensing
rights to
Arachidonic
Acid
(“ARA”)		   SPC®
technology		   Customer
relationship		   Software
License		   Total
Intangible
Assets		 
As of December 31, 2020                    
Cost   
-
    
-
    
-
    
-
    
 
 
Accumulated Amortization   
-
    
-
    
-
    
-
    
-
 
Net book amount  $
-
    
-
    
-
    
-
   $
-
 
                          
Year ended June 30, 2021                         
Opening net book amount   
-
    
-
    
-
    
-
    
-
 
Additions   3,000,000    1,598,930    
-
    
-
    4,598,930 
Closing net book amount  $3,000,000    1,598,930    
-
    
-
   $4,598,930 
                          
As of June 30, 2021                         
Cost   3,000,000    1,598,930    
-
    
-
    4,598,930 
Accumulated Amortization   
-
    
-
    
-
    
-
    
-
 
Net book amount  $3,000,000    1,598,930    
-
    
-
   $4,598,930 
                          
Year ended June 30, 2022                         
Opening net book amount   3,000,000    1,598,930    
-
    
-
   $4,598,930 
Closing net book amount   3,000,000    1,598,930    
-
    
-
   $4,598,930 
                          
As of June 30, 2022                         
Cost   3,000,000    1,598,930    
-
    
-
    4,598,930 
Accumulated Amortization   
-
    
-
    
-
    
-
    
-
 
Net book amount   3,000,000    1,598,930    
-
    
-
    4,598,930 
                          
Year ended June 30, 2023                         
Opening net book amount   3,000,000    1,598,930    
-
    
-
    4,598,930 
Additions   101,033    63,329    
-
    
-
    164,362 
Acquisitions through business combinations   
-
    
-
    3,819,009    5,045    3,824,054 
Effect of changes in foreign exchange rates   
-
    
-
    26,235    34    26,269 
Amortization (i)   
-
    
-
    (93,247)   (1,270)   (94,517)
Closing net book amount  $3,101,033    1,662,259    3,751,997    3,809   $8,519,098 
                          
As of June 30, 2023                         
Cost   3,101,033    1,662,259    3,845,244    5,079    8,613,615 
Accumulated Amortization   
-
    
-
    (93,247)   (1,270)   (94,517)
Net book amount  $3,101,033    1,662,259    3,751,997    3,809   $8,519,098 

 

(i)The charge of the amortization is included in Administrative expenses and Research and development expenses (see notes 24 and 25).