| SCHEDULE OF OTHER INTANGIBLE ASSETS |
Intangible
assets, net consist of the following as of June 30, 2026:
SCHEDULE OF OTHER INTANGIBLE ASSETS
| | |
Weighted average useful lives (years) | |
Remaining weighted average useful lives (years) | |
Acquisition cost | | |
Effect of foreign currency | | |
Accumulated amortization | | |
Carrying value | |
| Technology | |
7 years | |
3.25 years | |
$ | 5,119,000 | | |
$ | 814,911 | | |
$ | 3,242,250 | | |
$ | 2,691,661 | |
| Customer relationships | |
3 years | |
- | |
| 252,000 | | |
| 42,458 | | |
| 294,458 | | |
| - | |
| Trade names and trademarks | |
Indefinite | |
Indefinite | |
| 92,000 | | |
| 15,500 | | |
| - | | |
| 107,500 | |
| Total intangible assets | |
| |
| |
$ | 5,463,000 | | |
$ | 872,869 | | |
$ | 3,536,708 | | |
$ | 2,799,161 | |
Intangible
assets, net consist of the following as of June 30, 2025:
| | |
Weighted average useful lives (years) | |
Remaining weighted average useful lives (years) | |
Acquisition cost | | |
Effect of foreign currency | | |
Accumulated amortization | | |
Carrying value | |
| Technology | |
7 years | |
4.25 years | |
$ | 5,119,000 | | |
$ | 1,089,182 | | |
$ | 2,554,906 | | |
$ | 3,653,276 | |
| Customer relationships | |
3 years | |
0.25 years | |
| 252,000 | | |
| 53,619 | | |
| 280,151 | | |
| 25,468 | |
| Trade names and trademarks | |
Indefinite | |
Indefinite | |
| 92,000 | | |
| 19,575 | | |
| - | | |
| 111,575 | |
| Total intangible assets | |
| |
| |
$ | 5,463,000 | | |
$ | 1,162,376 | | |
$ | 2,835,057 | | |
$ | 3,790,319 | |
|
| SCHEDULE OF EXPECTED AMORTIZATION EXPENSES FOR INTANGIBLE ASSETS |
Estimated amortization for future periods is as follows:
SCHEDULE OF EXPECTED AMORTIZATION EXPENSES FOR INTANGIBLE ASSETS
| Fiscal Year | |
Amount | |
| 2027 | |
$ | 828,203 | |
| 2028 | |
| 828,203 | |
| 2029 | |
| 828,203 | |
| 2030 | |
| 207,052 | |
| Total | |
$ | 2,691,661 | |
|