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

Intangible assets

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Intangible assets
 11 Months Ended
Mar. 31, 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 		    March 31, 2015  
Patents     15 years     $ 26,450  
Less: Accumulated amortization             (1,044 )
Subtotal             25,406  
Trademarks     -       1,560  
Intangible assets, net           $ 26,966  

 

For the period ended March 31, 2015, the Company recorded amortization expense of $1,044.

 

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