XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.0.1
INTANGIBLE ASSETS, NET (Tables)
 6 Months Ended
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:

 

  

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:

 

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