Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

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INTANGIBLE ASSETS (Tables)
6 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consisted of the following:

SCHEDULE OF INTANGIBLE ASSETS

   

As of

December 31, 2021

   

As of

June 30, 2021

 
             
Product Licenses - Cost   $ 47,244,997     $ 47,244,997  
Effect of Translation Adjustment     (16,960,809 )     (14,440,001 )
Accumulated Amortization     (27,626,984 )     (28,900,340 )
Net Balance   $ 2,657,204     $ 3,904,656  
SUMMARY OF ESTIMATED AMORTIZATION EXPENSE OF INTANGIBLE ASSETS

Estimated amortization expense of intangible assets is as follows:

 

SUMMARY OF ESTIMATED AMORTIZATION EXPENSE OF INTANGIBLE ASSETS

Period ended:      
December 31, 2022   $ 1,638,846  
December 31, 2023     1,018,358  
Net Balance    $ 2,657,204