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Intangible Assets
12 Months Ended
Jun. 30, 2023
Intangible Assets  
Intangible Assets

Note 4.   Intangible Assets

Intangible assets consist of customer lists, which are amortized over an estimated useful life of ten years. The Company does not have any intangible assets deemed to have indefinite lives. Amortization expense for the years ended June 30, 2023 and 2022 was $24,320 and $0, respectively. Amortization expense expected to be recognized is approximately $49,000 annually in 2024 through 2028 and approximately $217,000 thereafter.

Intangible assets consist of the following as of June 30, 2023 and 2022:

    

June 30, 

    

June 30, 

2023

2022

Customer lists

 

$

1,192,998

 

$

706,611

Intellectual property licenses

16,425

16,425

Total

1,209,423

723,036

Less accumulated amortization

(747,355)

(723,036)

Net, Intangible assets

 

$

462,068

 

$