DEFINITE LIVED INTANGIBLE ASSETS, NET

6 Months Ended

Dec. 31, 2024

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, 2024:

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	–		26,500		–		26,500
Software	5 years	1.1 years		430,091		327,840		102,251
Patents	10 years	6.6 years		69,263		26,915		42,348
Certifications & licenses	3 years	1.1 years		3,929,490		3,233,025		696,465
Total as of December 31, 2024			$	4,473,741	$	3,606,177	$	867,564

The definite lived intangible assets consisted of the following as of June 30, 2024:

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	–		–		–		–
Software	5 years	1.6 years		489,992		365,526		124,466
Patents	10 years	6.7 years		67,373		27,345		40,028
Certifications & licenses	3 years	1.4 years		3,924,007		2,778,875		1,145,132
Total as of June 30, 2024			$	4,499,769	$	3,190,143	$	1,309,626

Amortization expense recognized for the three months ended December 31, 2024 and 2023 was $217,591 and $245,326, respectively, and for the six months ended December 31, 2024 and 2023 was $471,586 and $490,244, respectively.

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

	FY2025		FY2026		FY2027		FY2028		FY2029		Thereafter
Total	$	360,266	$	401,660	$	46,168	$	20,575	$	12,395	$	–