Quarterly report pursuant to Section 13 or 15(d)

Intangible assets

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Intangible assets
 6 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible assets

Note 5. Intangible assets 

 

The Company’s intangibles assets consisted of the following:  

 

    Estimated useful life     September 30, 
2015 		    March 31, 
2015 		 
Patents   15 years     $ 45,940     $ 26,450  
Less: Accumulated amortization             (2,584 )     (1,044 )
Subtotal             43,356       25,406  
Trademarks   —       1,560       1,560  
Intangible assets, net           $ 44,916     $ 26,966  

  

The Company recorded amortization expense of $1,034 and $380 for the three months ended September 30, 2015 and 2014, respectively. The Company recorded amortization expense of $1,540 and $380 for the six months ended September 30, 2015 and the period May 12, 2014 (Inception) through September 30, 2014, respectively. 

 

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

 

September 30,      
2016     $ 3,013  
2017       3,013  
2018       3,013  
2019       3,013  
2020       3,013  
Thereafter       28,291  
      $ 43,356