INTANGIBLE ASSETS (Tables)

3 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

SCHEDULE OF INDEFINITE-LIVED INTANGIBLE ASSETS

Intangible assets consisted of the following as of September 30, 2023 and June 30, 2023:

	September 30,			June 30,
	2023			2023
Customer relationships	$	1,363,935		$	1,363,935
Brand name		1,297,789			1,297,789
Domain name		36,913			36,913
Recipes		1,221,601			1,221,601
Non-compete agreement		274,982			274,982
Internally developed software		217,990			217,990
Total		4,413,210			4,413,210
Less : accumulated amortization		(2,192,455	)		(2,083,240	)
Net intangibles	$	2,220,755		$	2,329,970

 

	September 30,			June 30,
	2023			2023
Customer relationships	$	1,363,935		$	1,363,935
Less: accumulated amortization		(672,673	)		(629,568	)
Total customer relationships, net	$	691,262		$	734,367

  

	September 30,			June 30,
	2023			2023
Brand name	$	1,297,789		$	1,297,789
Less: accumulated amortization		(300,178	)		(290,042	)
Total brand name, net	$	997,611		$	1,007,747

  

	September 30,			June 30,
	2023			2023
Domain name	$	36,913		$	36,913
Less: accumulated amortization		(36,913	)		(36,913	)
Total domain name, net	$	-		$	-

  

	September 30,			June 30,
	2023			2023
Recipes and formulas	$	1,221,601		$	1,221,601
Less: accumulated amortization		(889,543	)		(851,735	)
Total recipes and formulas, net	$	332,058		$	369,866

  

	September 30,			June 30,
	2023			2023
Non-compete agreement	$	274,982		$	274,982
Less: accumulated amortization		(274,982	)		(274,982	)
Total non-compete agreement, net	$	-		$	-

 

	September 30,			June 30,
	2023			2023
Internally developed software	$	217,990		$	217,990
Less: accumulated amortization		(18,166	)		-
Total internally developed software	$	199,824		$	217,990

 

SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE

Estimated remaining amortization expenses of intangible assets for the next five fiscal years, are as follows:

Years Ending June 30,	Expense
Remainder of fiscal 2024	$	324,673
2025		418,625
2026		306,858
2027		92,417
2028		92,417
Thereafter		985,765
Total	$	2,220,755