| Schedule of intangible assets |
Intangible
assets at December 31, 2018 and September 30, 2018:
| |
|
December 31, 2018 |
|
|
September
30, 2018
|
|
| License Rights |
|
$ |
17,712,991 |
|
|
$ |
17,712,991 |
|
| Patent Costs |
|
|
100,000 |
|
|
|
100,000 |
|
| |
|
|
17,812,991 |
|
|
|
17,812,991 |
|
| Accumulated Amortization and impairment |
|
|
(10,366,100 |
) |
|
|
(10,201,073 |
) |
| Total Intangible Assets |
|
$ |
7,446,891 |
|
|
$ |
7,611,918 |
|
|
Intangible
assets at September 30, 2018 and 2017 consist of:
| |
|
2018 |
|
|
2017 |
|
| License
Rights |
|
$ |
17,712,991 |
|
|
$ |
17,712,991 |
|
| Patent
Costs |
|
|
100,000 |
|
|
|
200,000 |
|
| |
|
|
17,812,991 |
|
|
|
17,912,991 |
|
| Accumulated
Amortization and Impairment |
|
|
(10,201,073 |
) |
|
|
(3,825,389 |
) |
| Total
Intangible Assets |
|
$ |
7,611,918 |
|
|
$ |
14,087,602 |
|
|
| Schedule of estimated future amortization of intangibles |
|
The
estimated future amortization of intangibles for the next five years is as follows:
| Years
ending September 30, |
|
|
Amortization
Expense |
|
| 2019 |
|
|
|
654,728 |
|
| 2020 |
|
|
|
656,521 |
|
| 2021 |
|
|
|
653,855 |
|
| 2022 |
|
|
|
652,874 |
|
| 2023 |
|
|
|
652,358 |
|
| Thereafter |
|
|
|
4,341,583 |
|
| Total |
|
|
$ |
7,611,918 |
|
|