DEFINITE LIVED INTANGIBLE ASSETS, NET

6 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

DEFINITE LIVED INTANGIBLE ASSETS, NET

NOTE 4 – DEFINITE LIVED INTANGIBLE ASSETS, NET

The definite lived intangible assets consisted of the following as of December 31, 2023:

Definite lived intangible assets:	Expected Life	Average Remaining life		Gross Intangible Assets		Less Accumulated Amortization		Net Intangible Assets
Complete technology	3 years		–	$	18,397	$	18,397	$	–
Technology in progress	Not Applicable		–		131,588		–		131,588
Software	5 years		1.4 years		423,762		355,012		68,750
Patents	10 years		6.8 years		65,191		24,257		40,934
Certifications & licenses	3 years		1.8 years		3,900,223		2,376,906		1,523,317
Total as of December 31, 2023				$	4,539,161	$	2,774,572	$	1,764,589

The definite lived intangible assets consisted of the following as of June 30, 2023:

Definite lived intangible assets:	Expected Life	Average Remaining life		Gross Intangible Assets		Less Accumulated Amortization		Net Intangible Assets
Complete technology	3 years		–	$	18,397	$	18,397	$	–
Technology in progress	Not Applicable		–		203,838		–		203,838
Software	5 years		1.6 years		423,762		347,228		76,534
Patents	10 years		7.0 years		59,975		21,108		38,867
Certifications & licenses	3 years		2.0 years		3,759,240		1,897,595		1,861,645
Total as of June 30, 2023				$	4,465,212		2,284,328		2,180,884

Amortization expense recognized for the three months ended December 31, 2023 and 2022 were $245,326 and $180,999, respectively, and for the six months ended December 31, 2023 and 2022 were $490,244 and $360,893, respectively.

The amortization expenses of the definite lived intangible assets for the future are as follows:

		FY2024		FY2025		FY2026		FY2027		FY2028		Thereafter
Total	$	502,482	$	767,076	$	315,307	$	25,298	$	14,586	$	8,252