INTANGIBLE ASSETS, NET |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| INTANGIBLE ASSETS, NET | NOTE 7 — INTANGIBLE ASSETS, NET Intangible assets, net, consisted of the following:
* The Company acquired a customer list from Netclass Japan and expects to benefit from it for around 8 years. Therefore, the Company recorded it as an intangible asset and will amortize it over 8 years, on a straight-line basis, from acquisition date. ** In late 2024, the Company engaged third-party service provider and developed AI based learning platform to support future developmental efforts. As of September 30, 2025, the Company assessed that due to significant technological advancements in the artificial intelligence industry, including the rapid evolution of large language models and cloud-based AI infrastructure, which rendered the platform architecture less competitive and subject to significant economic uncertainty. Consequently, the asset was fully impaired, and the remaining unamortized carrying amount was written off. Amortization for the six months ended March 31, 2026 and 2025 was $104,083 and $3,462, respectively. Estimated future amortization expense related to intangible assets held as of March 31, 2026 are as follows:
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