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PREPAID LICENSE FEE
6 Months Ended
Dec. 31, 2023
PREPAID LICENSE FEE  
Prepaid License Fee

NOTE 3: PREPAID LICENSE FEE

 

In April 2022, the Company entered into two-year software license agreement to enable product development. The license fee is prepaid  at a rate of $77,850 annually, beginning July 1 of each year. The prepaid license fee is amortized on a straight-line basis over the term of the license agreement, and is included in Development expense in our Statement of Operations. As of December 31, 2023, the prepaid license fee was $38,893.