INTANGIBLE ASSET – PURCHASED SOFTWARE, NET (Tables)

9 Months Ended

Mar. 31, 2022

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,
	2022			2021
Purchased software	$	3,840,006		$	3,905,228
Less: accumulated amortization		(2,496,947	)		(1,826,181	)
Purchased software, net	$	1,343,059		$	2,079,047

SCHEDULE OF INTANGIBLE ASSET BY DEVELOPED SOFTWARE

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

Alpha Predictions developed software	$	220,692
Travel Buddhi developed software		112,667
CloseComms developed software		1,009,700
Total developed software	$	1,343,059

SCHEDULE OF FUTURE AMORTIZATION EXPENSE

Future amortization expense related to the existing net carrying amount of developed software at March 31, 2022 is expected to be as follows:

Remainder of fiscal year 2022	$	423,052
Fiscal year 2023		404,719
Fiscal year 2024		404,719
Fiscal year 2025		110,569
	$	1,343,059