Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.8.0.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

Intangible assets at September 30, 2017 and 2016 consist of:

 

    2017     2016  
License Rights   $ 17,712,991     $ 17,712,991  
Patent Costs     200,000       200,000  
      17,912,991       17,912,991  
Accumulated Amortization     (3,825,389 )     (2,704,772 )
Total Intangible Assets   $ 14,087,602     $ 15,208,219  

 

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
 
2018     1,117,730  
2019     1,116,449  
2020     1,119,508  
2021     1,115,577  
2022     1,114,596  
Thereafter     8,503,742  
Total   $ 14,087,602