Quarterly report pursuant to Section 13 or 15(d)

Intangible assets

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Intangible assets
 3 Months Ended
Jun. 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     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 recorded amortization expense of $506 and $0 for the three months ended June 30, 2015 and the period May 12, 2014 (Inception) through June 30, 2014, respectively.

  

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