INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 13 - INTANGIBLE ASSETS

Intangible assets consisted of the following:

	As of			As of
	December 31, 2022			June 30, 2022
Product Licenses - Cost	$	47,244,997		$	47,244,997
Effect of Translation Adjustment		(21,549,533	)		(19,914,206	)
Accumulated Amortization		(24,894,425	)		(25,743,121	)
Net Balance	$	801,039		$	1,587,670

Product Licenses

Product licenses include internally developed original license issues, renewals, enhancements, copyrights, trademarks, and trade names. Product licenses are amortized on a straight-line basis over their respective lives, and the unamortized amount of $801,039 will be amortized over one year. Amortization expense for the three and six months ended December 31, 2022, was $322,672 and $645,492, respectively. Amortization expense for the three and six months ended December 31, 2021was $414,269 and $854,553, respectively.