DEFINITE LIVED INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2023

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, 2023: 

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	–		196,875		–		196,875
Software	5 years	1.7 years		423,147		343,379		79,768
Patents	10 years	3.4 years		34,113		17,672		16,441
Certifications & licenses	3 years	1.3 years		3,736,825		1,660,503		2,076,322
Total as of March 31, 2023			$	4,409,357	$	2,039,951	$	2,369,406

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 March 31, 2023 and 2022 was $234,325 and $170,406, respectively, and for the nine months ended March 31, 2023 and 2022 was $595,218 and $396,535, respectively. The amortization expenses of the definite lived intangible assets for the future are as follows:

	FY2023		FY2024		FY2025		FY2026		FY2027		Thereafter
Total	$	255,366	$	929,184	$	709,018	$	249,392	$	11,131	$	18,440