OTHER INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

OTHER INTANGIBLE ASSETS

NOTE 7 - OTHER INTANGIBLE ASSETS

Other intangible assets, net of accumulated amortization, at June 30, 2024 and 2023, are comprised of:

	As of June 30,
	2024		2023
Capitalized software development costs	$	7,004,847	$	7,004,847
Patents and copyrights		5,259,811		5,452,345
Non-competition agreements		4,150,000		4,150,000
Customer relationships		3,900,000		3,900,000
		20,314,658		20,507,192
Less: Accumulated amortization		17,444,334		17,075,327
	$	2,870,324	$	3,431,865

The estimated amortization of other intangible assets for the five years ending June 30, 2029 and thereafter is as follows:

Schedule of other intangible assets For the Years Ending June 30,		Total		Patents and Copyrights		Customer Relationships
	2025	$	351,882	$	151,882	$	200,000
	2026		339,179		139,179		200,000
	2027		326,502		126,502		200,000
	2028		320,232		120,232		200,000
	2029		313,052		113,052		200,000
	Thereafter		1,219,477		505,310		714,167
	Other intangible assets - net	$	2,870,324	$	1,156,157	$	1,714,167

The weighted average amortization period for other intangible assets is 9.9 years and they have no expected residual value.

Information related to the above intangible assets for the years ended June 30, 2024 and 2023 is as follows:

	For the Year-ended June 30,
	2024			2023
Balance – Beginning of Year	$	3,431,865		$	3,703,885
Amounts capitalized		32,885			119,571
Patents written off		(225,419	)		—
Amortization		(369,007	)		(391,591	)
Balance – End of Year	$	2,870,324		$	3,431,865

Amortization of patents and copyrights for the years ended June 30, 2024 and 2023 amounted to $169,007 and $191,591, respectively.

Amortization of customer relationships for the years ended June 30, 2024 and 2023 amounted to $200,000 and $200,000, respectively.