| 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 |
|
| |
|
|
|
|
|
|
|