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Intangible Assets
12 Months Ended
Jun. 30, 2024
Intangible Assets  
Intangible Assets

Note 3 — Intangible Assets

 

Intangible assets consisted of the following:

 

 

 

June 30,

2024

 

 

June 30,

2023

 

 

 

 

 

 

 

 

Software platform

 

$4,482,225

 

 

$4,482,225

 

Less accumulated amortization

 

 

(3,879,551 )

 

 

(3,257,191

)

Total intangible assets, net

 

$602,674

 

 

$

1,225,034

 

 

Amortization expense, recorded as cost of revenue, related to internal use software totaled $622,358 and $724,445 for the years ended June 30, 2024 and 2023, respectively.

 

Amortization expenses for the future years are as follows:

 

Year ended June 30, 2024

 

Amount

 

2025

 

$459,342

 

2026

 

 

143,332

 

Total Unamortized Expense

 

$602,674