Quarterly report [Sections 13 or 15(d)]

OTHER INTANGIBLE ASSETS

v3.26.1
OTHER INTANGIBLE ASSETS
9 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
OTHER INTANGIBLE ASSETS

NOTE 11 – OTHER INTANGIBLE ASSETS

 

Other intangible assets consist of capitalized costs of internally developed software.

 

    March 31, 2026  
Balance at June 30, 2025   $ -  
Capitalized development costs     1,039,989  
Amortization expense     -  
Net carrying value at March 31, 2026   $ 1,039,989  

 

Additions to internal-use software represent capitalized costs incurred during the application development stage under ASC 350-40, including direct labor and external development costs. Costs related to preliminary project activities, training and maintenance are expensed as incurred. Amortization begins when the software is placed into service and is recognized on a straight-line basis over the estimated useful lives.