BUSINESS ACQUISITION AND ASSET ACQUISTION - TECHNOLOGY (Tables)

12 Months Ended

Jun. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE CONSIDERATION

The fair value allocation for the purchase price consideration paid at Closing was recorded as follows:

Purchase price consideration:
Cash paid to members at Closing	$	2,494,213
Company common stock fair value at Closing		2,846,144
Fair value of contingent consideration to be achieved		7,325,000
Total purchase price	$	12,665,357
Fair value allocation of purchase price:
Cash and cash equivalents	$	15,560
Accounts receivable		253,041
Deferred costs/contract assets		552,625
Other assets		10,000
Equipment, net		55,580
Accounts payable and accrued expenses		(848,079	)
Deferred revenue/contract liabilities		(2,037,070	)
Intangible assets - customer relationships		3,310,000
Intangible assets - technology		880,000
Goodwill		10,473,700
Total fair value allocation of purchase price	$	12,665,357