DEFINITE LIVED INTANGIBLE ASSETS

6 Months Ended

Dec. 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 December 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	–		128,322		–		128,322
Software	5 years	1.7 years		423,147		339,626		83,521
Patents	10 years	3.1 years		29,299		16,985		12,314
Certifications & licenses	3 years	0.7 years		3,250,360		1,430,618		1,819,742
Total as of December 31, 2022			$	3,849,525	$	1,805,626	$	2,043,899

The definite lived intangible assets consisted of the following as of June 30, 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	–		187,343		–		187,343
Software	5 years	2.0 years		423,147		314,855		108,292
Patents	10 years	2.5 years		21,543		15,122		6,421
Certifications & licenses	3 years	1.1 years		2,144,359		1,096,359		1,048,000
Total as of June 30, 2022			$	2,794,789		1,444,733		1,350,056

Amortization expense recognized for the three months ended December 31, 2022 and 2021 was $180,999 and $132,435, respectively, and for the six months ended December 31, 2022 and 2021 was $360,893 and $226,129, respectively.

The amortization expenses of the definite lived intangible assets for the future are as follows: 

	FY2023		FY2024		FY2025		FY2026		FY2027		Thereafter
Total	$	412,711	$	755,099	$	551,589	$	167,598	$	10,188	$	18,392