Intangible Assets (Tables)

3 Months Ended

Oct. 31, 2023

Intangible Assets [Abstract]

Schedule of Summarized Changes in Intangible Assets

Below are summarized changes in intangible assets at October 31 2023 and July 31, 2023:

	Gross Carrying		Accumulated			Net Carrying
October 31, 2023	Value		Amortization			Amount
NetSapiens - license, 10 years	$	150,000	$	(150,000	)	$	-
Customer relationships, 5 years		40,000		(40,000	)		-
Customer relationships, 7 years		10,947,262		(4,252,451	)		6,694,811
Trademarks, 7 & 10 years		7,148,000		(2,248,787	)		4,899,213
Non-compete, 2 & 3 years		931,000		(803,917	)		127,083
Marketing & Non-compete, 5 years		800,263		(800,263	)		-
Total Definite-lived Intangible Assets		20,016,525		(8,295,418	)		11,721,107
Goodwill		19,380,080		-			19,380,080
Balance, October 31, 2023	$	39,396,605	$	(8,295,418	)	$	31,101,187

	Gross Carrying		Accumulated			Net Carrying
July 31, 2023	Value		Amortization			Amount
NetSapiens - license, 10 years	$	150,000	$	(150,000	)	$	-
Customer relationships, 5 years		40,000		(40,000	)		-
Customer relationships, 7 & 10 years		10,947,262		(3,989,768	)		6,957,494
Trademarks, 7 & 10 years		7,148,000		(1,980,728	)		5,167,272
Non-compete, 2 & 3 years		931,000		(844,583	)		86,417
Marketing & Non-compete, 5 years		800,263		(800,263	)		-
Total Definite-lived Intangible Assets		20,016,525		(7,805,342	)		12,211,183
Goodwill		19,380,080		-			19,380,080
Balance, July 31, 2023	$	39,396,605	$	(7,805,342	)	$	31,591,263

Schedule of Amortization Expense

The Company expects to record amortization expense of intangibles assets over the next five years and thereafter as follows:

Period Ending July 31,	Amortization
2024 *	$	1,669,728
2025		2,108,167
2026		1,856,869
2027		1,838,645
2028		1,560,074
2029 and thereafter		2,687,624
Total:	$	11,721,107

* Nine months remaining