NOTE 4 — INTANGIBLE ASSETS

The following table summarizes the Company’s intangible assets as of June 30, 2026 (in thousands):

The following table summarizes the Company’s intangible assets as of June 30, 2025 the year ended June 30, 2025 (in thousands):

For the years ended June 30, 2026, and the year ended June 30, 2025, amortization expenses were $58,000 and $58,000 respectively. Amortization expense is included in general and administrative expense in the consolidated statements of operations.

Estimated amortization expense related to intangible assets subject to amortization at June 30, 2026 in each of the five fiscal years subsequent to June 30, 2026, and thereafter is as follows (amounts in thousands):