Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

v3.22.1
INTANGIBLE ASSETS (Tables)
9 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consisted of the following:

 

    As of     As of  
    March 31, 2022     June 30, 2021  
             
Product Licenses - Cost   $ 47,244,997     $ 47,244,997  
Effect of Translation Adjustment     (17,652,591 )     (14,440,001 )
Accumulated Amortization     (27,414,278 )     (28,900,340 )
Net Balance   $ 2,178,128     $ 3,904,656  
SUMMARY OF ESTIMATED AMORTIZATION EXPENSE OF INTANGIBLE ASSETS

Estimated amortization expense of intangible assets is as follows:

 

Period ended:      
March 31, 2023   $ 1,587,416  
March 31, 2024     590,712  
Net Balance    $ 2,178,128