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INTANGIBLE ASSETS
3 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 11 - INTANGIBLE ASSETS

 

Intangible assets consisted of the following:

 

   As of
September 30, 2023
   As of
June 30, 2023
 
         
Product Licenses - Cost  $39,395,533   $47,244,997 
Effect of Translation Adjustment   (24,867,352)   (24,756,959)
Accumulated Amortization   (14,528,181)   (22,360,107)
Net Balance  $-   $127,931 

 

Product Licenses

 

Product licenses include internally developed software cost. Product licenses are amortized on a straight-line basis over their respective lives. Amortization expense for the three months ended September 30, 2023 and 2022, was $126,041 and $322,820, respectively.