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INTANGIBLE ASSETS, NET | 12 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS, NET | NOTE 10. INTANGIBLE ASSETS, NET Intangible assets, net consist of the following as June 30, 2025: SCHEDULE OF OTHER INTANGIBLE ASSETS
| Weighted average useful lives (years) |  | Remaining weighted average useful lives (years) |  | Acquisition cost |  |  | Effect of foreign currency |  |  | Accumulated amortization |  |  | Carrying value |
Technology | 7 years |  | 4.25 years |  | $ | 5,119,000 |  |  | $ | 1,089,182 |  |  | $ | 2,554,906 |  |  | $ | 3,653,276 |
Customer relationships | 3 years |  | 0.25 years |  |  | 252,000 |  |  |  | 53,619 |  |  |  | 280,151 |  |  |  | 25,468 |
Trade names and trademarks | Indefinite |  | Indefinite |  |  | 92,000 |  |  |  | 19,575 |  |  |  | - |  |  |  | 111,575 |
Total intangible assets |  |  |  |  | $ | 5,463,000 |  |  | $ | 1,162,376 |  |  | $ | 2,835,057 |  |  | $ | 3,790,319 |
Intangible assets, net consist of the following as of June 30, 2024:
| Weighted average useful lives (years) |  | Remaining weighted average useful lives (years) |  | Acquisition cost |  |  | Effect of foreign currency |  |  | Accumulated amortization |  |  | Carrying value |
Technology | 7 years |  | 5.25 years |  | $ | 5,119,000 |  |  | $ | 593,026 |  |  | $ | 1,559,822 |  |  | $ | 4,152,204 |
Customer relationships | 3 years |  | 1.25 years |  |  | 252,000 |  |  |  | 29,194 |  |  |  | 164,030 |  |  |  | 117,164 |
Trade names and trademarks | Indefinite |  | Indefinite |  |  | 92,000 |  |  |  | 10,658 |  |  |  | - |  |  |  | 102,658 |
Total intangible assets |  |  |  |  | $ | 5,463,000 |  |  | $ | 632,878 |  |  | $ | 1,723,852 |  |  | $ | 4,372,026 |
Intangible assets recognized from the acquisition of IFP were allocated to the United Kingdom operating and reportable segment. The cumulative balance of the accumulated amortization as of June 30, 2025 and 2024 was $ 2,835,057 and $1,723,852 respectively. Expense related to the amortization of intangible assets charged to the consolidated statements of operations and other comprehensive income (loss) for the years ended June 30, 2025 and 2024 was $949,288 and $947,436, respectively. Amortization expense for the intangible assets is expected to be as follows over the next five years, and thereafter: SCHEDULE OF EXPECTED AMORTIZATION EXPENSES FOR INTANGIBLE ASSETS
2026 | $ | 885,062 |
2027 |  |  | 859,594 |
2028 |  |  | 859,594 |
2029 |  |  | 859,594 |
2030 |  |  | 214,900 |
Total |  | $ | 3,678,744 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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