v3.26.3
Intangible Assets
 3 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets

Note 3 - Intangible Assets

 

The Company’s intangible assets consisted of the following as of September 30, 2026 and June 30, 2026:

   

   September 30, 2026   June 30, 2026 
Goodwill  $6,846,911   $6,846,911 
Trade name   1,736,100    1,736,100 
Accreditation   1,818,200    1,818,200 
Course curriculum   344,000    344,000 
Total cost of intangibles  $10,745,211   $10,745,211 
Less accumulated amortization   (64,787)   (59,884)
Intangibles net  $10,680,424   $10,685,327 

 

 

As of September 30, 2026 and June 30, 2026, no impairment of the Company’s goodwill, nor other intangibles with an indefinite life was required related to its previous acquisitions of CCC, Integrity and CCMCC. The Company recognized $4,903 and $4,903 in amortization expense for the three months ended September 30, 2026 and 2025, respectively. Estimated amortization expense for course curriculum is $19,611 for each of the fiscal years ending June 30, 2027, 2028, 2029, 2030 and 2031. Although the ACCET accreditation has an indefinite life, the accreditation requires renewal every five years. CCC’s ACCET accreditation was most recently renewed in April 2025 and its next renewal is in April 2030. CCMCC’s accreditation was most recently renewed in April 2026 and its next renewal is in April 2031. HDMC’s ACCET accreditation was most recently renewed in April 2024 and its next renewal is in April 2029. Integrity’s ABHES accreditation was renewed in February 2026 and its next renewal is scheduled for February 2032. Although ABHES accreditation has an indefinite life, the accreditation requires periodic renewal. 100% of goodwill is expected to be deductible for federal income tax purposes and will be amortized over 15 years on a straight-line basis.