XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

INTANGIBLE ASSETS, NET | 9 Months Ended
--- | ---
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS, NET | NOTE 7. INTANGIBLE ASSETS, NET Intangible assets, net consist of the following as of March 31, 2025: 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 |  |  | $ | 739,941 |  |  | $ | 2,208,370 |  |  | $ | 3,650,571 |
Customer relationships |  |  | 3 years |  |  |  | 252,000 |  |  |  | 36,426 |  |  |  | 240,355 |  |  |  | 48,071 |
Trade names and trademarks |  |  | Indefinite |  |  |  | 92,000 |  |  |  | 13,298 |  |  |  | - |  |  |  | 105,298 |
Total intangible assets |  |  |  |  |  | $ | 5,463,000 |  |  | $ | 789,665 |  |  | $ | 2,448,725 |  |  | $ | 3,803,940 |
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 |
Intangibles assets recognized from the acquisition of IFP were allocated to the IFPG operating and reportable segment. Expenses related to the amortization of intangible assets charged to the condensed consolidated statements of operations and other comprehensive income (loss) for the three months ended March 31, 2025 and 2024 was $238,945 and $255,472, respectively. Expenses related to the amortization of intangible assets charged to the condensed consolidated statements of operations and other comprehensive income (loss) for the nine months ended March 31, 2025 and 2024 was $715,192 and $726,168, 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
Fiscal year |  | Amount |
Remainder of 2025 |  | $ | 226,844 |
2026 |  |  | 835,274 |
2027 |  |  | 811,238 |
2028 |  |  | 811,238 |
2029 |  |  | 811,238 |
Thereafter |  |  | 202,810 |
Total |  | $ | 3,698,642 |
There were no impairment charges related to intangible assets incurred in the periods presented.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration