| Consideration | ||||
| Total payments at closing | $ | 2,000,000 | ||
| Note payable to seller at fair value | 2,982,000 | |||
| Contingent consideration at fair value | - | |||
| Fair value of total consideration | $ | 4,982,000 | ||
| Recognized amounts of identifiable assets acquired and liabilities assumed | ||||
| Accounts receivable | $ | 134,259 | ||
| Inventory | 1,204,023 | |||
| Prepaids assets | 5,543 | |||
| Existing technology | 600,000 | |||
| Customer relationships | 570,000 | |||
| Tradenames/trademarks | 580,000 | |||
| Accounts payable and current liabilities | (349,735) | |||
| Total identifiable net assets | $ | 2,744,090 | ||
| Goodwill | 2,237,910 | |||
| $ | 4,982,000 | |||
| June 30, 2024 | June 30, 2023 | |||||||
| Technology | $ | 600,000 | $ | 600,000 | ||||
| Customer relationships | 570,000 | 570,000 | ||||||
| Trademarks | 580,000 | 580,000 | ||||||
| Total | 1,750,000 | 1,750,000 | ||||||
| Less: accumulated amortization | (263,077) | (109,081) | ||||||
| Total intangible assets, net | $ | 1,486,923 | $ | 1,640,919 | ||||
