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OTHER INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2023

NOTE 7 - OTHER INTANGIBLE ASSETS

Other intangible assets, net of accumulated amortization, at June 30, 2023 and 2022 are comprised of:

Other Intangible Assets - Net
	As of June 30,
	2023		2022
Capitalized software development costs	$	7,004,847	$	7,004,847
Patents and copyrights		5,452,345		5,332,774
Non-competition agreements		4,150,000		4,150,000
Customer relationships		3,900,000		3,900,000
		20,507,192		20,387,621
Less: Accumulated amortization		17,075,327		16,683,736
	$	3,431,865	$	3,703,885

The estimated amortization of other intangible assets for the five years ending June 30, 2028 and thereafter is as follows:

Schedule Of Other Intangible Assets For the Years Ending June 30,		Total		Patents and Copyrights		Customer Relationships
	2024	$	376,600	$	176,600	$	200,000
	2025		371,645		171,645		200,000
	2026		369,022		169,022		200,000
	2027		366,427		166,427		200,000
	2028		362,172		162,172		200,000
	Thereafter		1,585,999		671,832		914,167
	Other intangible assets - net	$	3,431,865	$	1,517,698	$	1,914,167

The weighted average amortization period for other intangible assets is 10.3 years and they have no expected residual value.

Information related to the above intangible assets for the years ended June 30, 2023 and 2022 is as follows:

Other Intangible Assets

	For the Year Ended June 30,
	2023			2022
Balance – Beginning of Year	$	3,703,885		$	4,037,599
Amounts capitalized		119,571			87,882
Software or patents written off		—			—
Amortization		(391,591	)		(421,596	)
Balance – End of Year	$	3,431,865		$	3,703,885

Amortization of patents and copyrights for the years ended June 30, 2023 and 2022 amounted to $191,591 and $184,096, respectively.

Amortization of non-competition agreements for the years ended June 30, 2023 and 2022 amounted to $0 and $37,500, respectively.

Amortization of customer relationships for the years ended June 30, 2023 and 2022 amounted to $200,000 and $200,000, respectively.