Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.6.0.2
INTANGIBLE ASSETS (Tables)
12 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
Intangible assets at September 30, 2016 and 2015 consist of:

 

    2016     2015  
                 
License rights   $ 17,712,991     $ 17,712,991  
Patent costs     200,000       200,000  
      17,912,991       17,912,991  
Accumulated amortization     (2,704,772 )     (1,580,128 )
    $ 15,208,219     $ 16,332,863  
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, Estimated
Amortization Expense
 
2017 $ 1,120,616  
2018   1,117,731  
2019   1,116,449  
2020   1,119,508  
2021   1,115,577  
Thereafter   9,618,338  
Total $ 15,208,219