General form of registration statement for all companies including face-amount certificate companies

Intangible assets (Tables)

v3.8.0.1
Intangible assets (Tables)
3 Months Ended 12 Months Ended
Sep. 30, 2017
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of intangibles assets

The Company’s intangible assets consisted of the following:

 

    Estimated
useful life
  September 30, 2017     June 30, 2017  
Patents   15 years   $ 146,918     $ 135,291  
Customer relationships   14 years     81,773       81,773  
Less: Accumulated amortization         (16,012 )     (12,097 )
Subtotal         212,679       204,967  
Trademarks         1,560       1,560  
Intangible assets, net       $ 214,239     $ 206,527

The Company’s intangible assets consisted of the following:

 

    Estimated 
useful life
    June 30, 2017     June 30, 2016  
Patents     15 years     $ 135,291     $ 74,562  
Customer relationships     14 years       81,773        
Less: Accumulated amortization             (12,097 )     (4,889 )
Subtotal             204,967       69,673  
Trademarks     —         1,560       1,560  
Intangible assets, net           $ 206,527     $ 71,233  
Schedule of estimated future annual amortization expense

The following table outlines estimated future annual amortization expense for the next five years and thereafter:

 

September 30,      
2018   $ 15,586  
2019     15,586  
2020     15,586  
2021     15,586  
2022     15,586  
Thereafter     134,749  
    $ 212,679  

The following table outlines estimated future annual amortization expense for the next five years and thereafter: 

 

June 30,        
2018     $ 14,811  
2019       14,811  
2020       14,811  
2021       14,811  
2022       14,811  
Thereafter       130,912  
Total     $ 204,967