Intangible Asset - Purchased Software, Net (Tables)

9 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Asset

Intangible asset – Purchased Software, net, is comprised of the following at:

	March 31,			June 30,
	2021			2020
Purchased software	$	3,912,280		$	3,759,021
Less: accumulated amortization		(1,601,160	)		(923,904	)
Purchased software, net	$	2,311,120		$	2,835,117

Schedule of Intangible Asset by Developed Software

Intangible asset – Purchased Software consists of the following three software technologies:

Alpha Predictions developed software	$	1,137,873
Travel Buddhi developed software		116,180
CloseComms developed software		1,057,067
Total developed software	$	2,311,120

Schedule of Future Amortization Expense

Future amortization expense related to the existing net carrying amount of developed software at March 31, 2021 is expected to be as follows:

Remainder of fiscal year 2021	$	333,353
Fiscal year 2022		1,333,413
Fiscal year 2023		423,115
Fiscal year 2024		221,239
	$	2,311,120