INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 5. INTANGIBLE ASSETS

Intangible assets, their respective amortization period, and accumulated amortization at March 31, 2022 are as follows:

	As of March 31, 2022
	Value ($)												Amortization Period (Years)
	S5D			AUGGD			XR Terra			Total
Intangible Assets
Customer Relationships	$	2,820,000		$	250,000		$	-		$	3,070,000			5 (S5D) / 3 (AUGGD)
Technology		-			250,000			300,000			550,000			3
Less: Accumulated Amortization		(94,000	)		(104,160	)		(49,998	)		(248,158	)
Intangible Assets, net	$	2,726,000		$	395,840		$	250,002		$	3,371,842

Intangible asset amortization expense for the three and nine months ended March 31, 2022 was approximately $161,000 and $248,000, respectively.

Estimated intangible asset amortization expense for the next six years is as follow:

Remaining FYE June 30, 2022	$	207,663
Fiscal Year Ended June 30, 2023	$	830,652
Fiscal Year Ended June 30, 2024	$	830,661
Fiscal Year Ended June 30, 2025	$	609,866
Fiscal Year Ended June 30, 2026	$	564,000
Fiscal Year Ended June 30, 2027	$	329,000