Quarterly report pursuant to Section 13 or 15(d)

Intangible assets (Tables)

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Intangible assets (Tables)
 3 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangibles assets

The Company’s intangible assets consisted of the following:

 

    Estimated
useful life		   September 30, 2017     June 30, 2017  
Patents   15 years   $ 146,918     $ 135,291  
Customer relationships   14 years     81,773       81,773  
Less: Accumulated amortization         (16,012 )     (12,097 )
Subtotal         212,679       204,967  
Trademarks         1,560       1,560  
Intangible assets, net       $ 214,239     $ 206,527
Schedule of estimated future annual amortization expense

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

 

September 30,      
2018   $ 15,586  
2019     15,586  
2020     15,586  
2021     15,586  
2022     15,586  
Thereafter     134,749  
    $ 212,679