Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

v3.24.3
INTANGIBLE ASSETS
12 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 12 - INTANGIBLE ASSETS

 

Intangible assets consisted of the following:

 

    As of     As of  
    June 30, 2024     June 30, 2023  
             
Product Licenses - Cost   $ 39,395,533     $ 47,244,997  
Effect of Translation Adjustment     (24,365,719 )     (24,756,959 )
Accumulated Amortization     (15,029,814 )     (22,360,107 )
Net Balance   $ -     $ 127,931  

 

Product Licenses

 

Amortization expense for the years ended June 30, 2024 and 2023 was $126,041 and $1,171,641, respectively.