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INTANGIBLE ASSETS, NET

12 Months Ended

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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- References

No definition available.

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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

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