Quarterly report pursuant to Section 13 or 15(d)

Intangible assets (Tables)

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Intangible assets (Tables)
 3 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Company's 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  
Schedule of Estimated future annual amortization expense

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