v3.26.1
Intangible Assets
 9 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets

Note 10 – Intangible Assets

 

As of March 31, 2026 and June 30, 2025, intangible assets, net, consisted of the following: 

      
   March 31, 2026  June 30, 2025
Covenant not to compete  $3,459,120   $3,459,120 
Supplier relationships   1,179,246    1,179,246 
Software   534,591    534,590 
Accumulated amortization   (2,678,657)   (2,191,628)
Total  $2,494,300   $2,981,328 

  

 

The intangible assets were acquired on February 15, 2022 through the Company’s acquisition of Anivia. The weighted average remaining life for finite-lived intangible assets at March 31, 2026 was approximately 4.45 years. The amortization expense for the three and nine months ended March 31, 2026 was $162,343 and $487,029, respectively. The amortization expense for the three and nine months ended March 31, 2025 was $162,343 and $487,028, respectively. At March 31, 2026, finite-lived intangible assets are expected to be amortized over their estimated useful lives, which ranges from a period of five to 10 years, and the estimated remaining amortization expense for each of the five succeeding years thereafter is as follows:

   
Year Ending June 30,  Amount
2026  $162,343 
2027   609,277 
2028   468,750 
2029   345,912 
2030   345,912 
Thereafter   562,106 
Intangible assets, net  $2,494,300