Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.19.2
INTANGIBLE ASSETS
 9 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS

 

Intangible assets at June 30, 2019 and September 30, 2018:

 

   

June 30,

2019

    

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     (10,690,773 )     (10,201,073 )
Total Intangible Assets   $ 7,122,218     $ 7,611,918  

 

During the three and nine month periods ended June 30, 2018 the Company recognized $276,667 and $843,642, respectively, in amortization expense on the patents and license rights. During the three and nine month periods ended June 30, 2019 the Company recognized $163,234 and $489,701, respectively, in amortization expense on the patents and license rights.