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Fixed Assets and Intangible Assets
9 Months Ended
Mar. 31, 2024
Fixed Assets and Intangible Assets  
Fixed Assets and Intangible Assets

Note 3 — Fixed Assets and Intangible Assets

 

Fixed Assets and intangible assets consist of the following 

 

 

 

March 31,

2024

 

 

June 30,

2023

 

 

 

 

 

 

 

 

Software platform

 

$4,482,225

 

 

$4,482,225

 

Furniture and fixtures

 

 

1,500

 

 

 

1,500

 

Less accumulated amortization

 

 

(3,802,025 )

 

 

(3,258,691 )

Property and equipment, net

 

$681,700

 

 

$1,225,034

 

 

Amortization expense for the three and nine months ended March 31, 2024 was $181,111 and $543,333, respectively. Amortization expense for the three and nine months ended March 31, 2023 was $181,111 and $543,333, respectively.

 

Amortization expense for the next year is as follows:

 

2024

 

$181,111

 

2025

 

 

500,589

 

Total Unamortized Expense

 

$681,700