v3.26.3
Intangible Asset
12 Months Ended
Jun. 30, 2026
Intangible Asset  
Intangible Asset

4. Intangible Asset

 

On February 17, 2023, the Company purchased the Grit Mobile Application and related complementary products from Grit Performance Athletics Inc at a purchase price of $100,000. As of June 30, 2023, we determined that this intangible asset was fully impaired.

 

As of June 30, 2026 and 2025, the carrying amount of this intangible asset was $nil

 

 

 

As at

 

 

 

June 30,

 

 

 

2026

 

Intangible asset

 

$100,000

 

Less: Impairment

 

 

(100,000)

Intangible asset, net

 

$-

 

 

Impairment expense is $100,000 for the year ended June 30, 2026.