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

Intangible assets (Tables)

v3.7.0.1
Intangible assets (Tables)
 9 Months Ended 12 Months Ended
Mar. 31, 2017
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of intangibles assets

The Company’s intangible assets consisted of the following:

 

    Estimated 
useful life		   March 31, 2017     June 30, 2016  
Patents   15 years   $ 126,246     $ 74,562  
Less: Accumulated amortization         (9,952 )     (4,889 )
Subtotal         116,294       69,673  
Trademarks   —     1,560       1,560  
Intangible assets, net       $ 117,854     $ 71,233  

The Company’s intangible assets consisted of the following:

 

    Estimated 
useful life		   June 30, 2016     June 30, 
2015		     March 31, 
2016		     March 31, 
2015		  
Patents   15 years   $ 74,562     $ 31,067     $ 62,847     $ 26,450  
Less: Accumulated amortization         (4,889 )     (1,550 )     (3,758 )     (1,044 )
Subtotal         69,673       29,517       59,089       25,406  
Trademarks   —     1,560       1,560       1,560       1,560  
Intangible assets, net       $ 71,233     $ 31,077     $ 60,649     $ 26,966  
Schedule of estimated future annual amortization expense

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

 

March 31,        
2018   $ 8,212  
2019     8,212  
2020     8,212  
2021     8,212  
2022     8,212  
Thereafter     75,234  
    $ 116,294  

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

 

June 30,        
2017   $ 4,921  
2018     4,921  
2019     4,921  
2020     4,921  
2021     4,921  
Thereafter     45,068  
    $ 69,673