DEFINITE LIVED INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

DEFINITE LIVED INTANGIBLE ASSETS

NOTE 4 – DEFINITE LIVED INTANGIBLE ASSETS

The definite lived intangible assets consisted of the following as of March 31, 2022:

Definite lived intangible assets:	Expected Life	Average Remaining life		Gross Intangible Assets		Less Accumulated Amortization		Net Intangible Assets
Complete technology	3 years		–	$	18,397		18,397		–
Technology in progress	Not Applicable		–		178,100		–		178,100
Software	5 years		2.6 years		424,728		302,610		122,118
Patents	10 years		3.1 years		21,360		14,567		6,793
Certifications & licenses	3 years		1.0 years		1,970,424		926,682		1,043,742
Total as of March 31, 2022				$	2,613,009	$	1,262,256	$	1,350,753

The definite lived intangible assets consisted of the following as of June 30, 2021:

Definite lived intangible assets:	Expected Life	Average Remaining life		Gross Intangible Assets		Less Accumulated Amortization		Net Intangible Assets
Complete technology	3 years		0.5 years	$	18,397	$	15,331	$	3,066
Technology in progress	Not Applicable		–		602,388		–		602,388
Software	5 years		3.0 years		399,811		268,495		131,316
Patents	10 years		3.9 years		21,105		12,951		8,154
Certifications & licenses	3 years		1.6 years		1,070,770		568,944		501,826
Total as of June 30, 2021				$	2,112,471	$	865,721	$	1,246,750

Amortization expense recognized for the three months ended March 31, 2022 and 2021 was $170,406 and $101,535, respectively, and for the nine months ended March 31, 2022 and 2021 was $396,535 and $342,070, respectively. The amortization expenses of the definite lived intangible assets for the future are as follows:

	FY2022		FY2023		FY2024		FY2025		FY2026		Thereafter
Total	$	199,371	$	474,955	$	323,897	$	136,637	$	10,291	$	27,500