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

Intangible assets (Tables)

v3.2.0.727
Intangible assets (Tables)
 3 Months Ended 11 Months Ended
Jun. 30, 2015
Mar. 31, 2015
Intangible Assets Tables    
Company's intangibles assets

The Company’s intangibles assets consisted of the following:

 

    Estimated useful life     June 30, 
2015 		    March 31, 
2015 		 
Patents     15 years     $ 31,067     $ 26,450  
Less: Accumulated amortization             (1,550 )     (1,044 )
Subtotal             29,517       25,406  
Trademarks     —       1,560       1,560  
Intangible assets, net           $ 31,077     $ 26,966  

The Company’s intangibles assets consisted of the following:

 

    Estimated useful
life 		  March 31, 2015  
Patents   15 years   $ 26,450  
Less: Accumulated amortization         (1,044 )
Subtotal         25,406  
Trademarks   -     1,560  
Intangible assets, net       $ 26,966  
Estimated future annual amortization expense

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

 

June 30,      
2016     $ 2,022  
2017       2,022  
2018       2,022  
2019       2,022  
2020       2,022  
Thereafter       19,407  
      $ 29,517  

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

 

March 31,        
2016   $ 1,763  
2017     1,763  
2018     1,763  
2019     1,763  
2020     1,763  
Thereafter     16,591  
    $ 25,406