Annual report [Section 13 and 15(d), not S-K Item 405]

OTHER INTANGIBLE ASSETS

v3.26.3
OTHER INTANGIBLE ASSETS
12 Months Ended
Jun. 30, 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.

 

    June 30, 2026  
       
Balance at June 30, 2025   $ -  
Capitalized development cost     2,686,392  
Amortization expense     -  
Net carrying value at June 30, 2026   $ 2,686,392  

 

During the year ended June 30, 2026, the Company capitalized $2,686,392 of costs related to internal-use software projects. As of June 30, 2026, these projects had not been placed into service and, accordingly, no amortization expense was recognized during the year.