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

Intangible assets

v3.5.0.2
Intangible assets
 12 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible assets

Note 5. Intangible assets

 

The Company’s intangibles assets consisted of the following:

 

    Estimated useful life     March 31,
2016		     March 31,
2015		  
Patents     15 years     $ 62,847     $ 26,450  
Less: Accumulated amortization             (3,758 )     (1,044 )
Subtotal             59,089       25,406  
Trademarks     —       1,560       1,560  
Intangible assets, net           $ 60,649     $ 26,966  

 

The Company recorded amortization expense of $2,714 and $1,044 for the year ended March 31, 2016 and the period May 12, 2014 (Inception) through March 31, 2015, respectively.

 

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

 

March 31,      
2017   $ 4,140  
2018     4,140  
2019     4,140  
2020     4,140  
2021     4,140  
Thereafter     38,389  
    $ 59,089