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INTANGIBLE ASSETS, NET (Tables) | 6 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
SCHEDULE OF INTANGIBLE ASSETS | Intangible assets, net consist of the following as of December 31, 2024: SCHEDULE OF INTANGIBLE ASSETS
|  | Weighted average useful lives (years) |  | Acquisition cost |  |  | Effect of foreign currency |  |  | Accumulated amortization |  |  | Carrying value |
Technology |  | 7 years |  | $ | 5,119,000 |  |  | $ | 553,599 |  |  | $ | 1,941,774 |  |  | $ | 3,730,825 |
Customer relationships |  | 3 years |  |  | 252,000 |  |  |  | 27,253 |  |  |  | 209,440 |  |  |  | 69,813 |
Trade names and trademarks |  | Indefinite |  |  | 92,000 |  |  |  | 9,949 |  |  |  | - |  |  |  | 101,949 |
Total intangible assets |  |  |  | $ | 5,463,000 |  |  | $ | 590,801 |  |  | $ | 2,151,214 |  |  | $ | 3,902,587 |
Intangible assets, net consist of the following as of June 30, 2024:
|  | Weighted average useful lives (years) |  | Acquisition cost |  |  | Effect of foreign currency |  |  | Accumulated amortization |  |  | Carrying value |
Technology |  | 7 years |  | $ | 5,119,000 |  |  | $ | 593,026 |  |  | $ | 1,559,822 |  |  | $ | 4,152,204 |
Customer relationships |  | 3 years |  |  | 252,000 |  |  |  | 29,194 |  |  |  | 164,030 |  |  |  | 117,164 |
Trade names and trademarks |  | Indefinite |  |  | 92,000 |  |  |  | 10,658 |  |  |  | - |  |  |  | 102,658 |
Total intangible assets |  |  |  | $ | 5,463,000 |  |  | $ | 632,878 |  |  | $ | 1,723,852 |  |  | $ | 4,372,026 |
SCHEDULE OF EXPECTED AMORTIZATION EXPENSES FOR INTANGIBLE ASSETS | 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
Fiscal year |  | Amount |
Remainder of 2025 |  | $ | 439,260 |
2026 |  |  | 808,708 |
2027 |  |  | 785,437 |
2028 |  |  | 785,437 |
2029 |  |  | 785,437 |
Thereafter |  |  | 196,359 |
Total |  | $ | 3,800,638 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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