| Intangible Assets |
Note
10 – Intangible Assets
Intangibles
consisted of the following at March 31, 2026 and June 30, 2025, respectively:
Schedule
of Intangible Assets
| | |
| | |
| | |
| | |
Weighted Average | |
| | |
| | |
| | |
Estimated
Useful | | |
Remaining | |
| Classification | |
March
31, 2026 | | |
June
30, 2025 | | |
Lives
(Years) | | |
Life
(Years) | |
| | |
| | |
| | |
| | |
| |
| Tradenames/trademarks | |
$ | 786,800 | | |
$ | 786,800 | | |
| N/A | | |
| N/A | |
| Customer relationships | |
| 1,041,300 | | |
| 1,041,300 | | |
| 10 | | |
| 9.25 | |
| Franchise agreements | |
| 4,600,000 | | |
| - | | |
| 10 | | |
| 9.67
- 9.75 | |
| Liquor licenses | |
| 40,000 | | |
| - | | |
| N/A | | |
| | |
| Intangibles - gross | |
| 40,000 | | |
| - | | |
| N/A | | |
| | |
| Less: accumulated amortization | |
| (360,797 | ) | |
| (26,033 | ) | |
| | | |
| | |
| Intangibles - net | |
$ | 6,107,303 | | |
$ | 1,802,067 | | |
| | | |
| | |
Amortization
expense for the three and nine months ended March 31, 2026 and 2025 was as follows:
Schedule
of Amortization Expense
| Three
Months Ended March 31, | |
| 2026 | | |
2025 | |
| | | | |
| | |
| $ | 141,033 | | |
$ | - | |
| Nine
Months Ended March 31, | |
| 2026 | | |
2025 | |
| | | | |
| | |
| $ | 334,764 | | |
$ | - | |
There
were no impairment losses for the three and nine months ended March 31, 2026 and 2025, respectively.
Estimated
amortization expense for each of the five (5) succeeding years and thereafter is as follows:
Schedule
of Estimated Amortization Expense
| For the Years
Ended June 30, | |
| |
| | |
| |
| 2026 (3 Months) | |
$ | 141,033 | |
| 2027 | |
$ | 564,130 | |
| 2028 | |
$ | 564,130 | |
| 2029 | |
$ | 564,130 | |
| 2030 | |
$ | 564,130 | |
| Thereafter | |
$ | 2,882,950 | |
| Total | |
$ | 5,280,503 | |
|