Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.3.1.900
INTANGIBLE ASSETS
 3 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 3 - INTANGIBLE ASSETS

Intangible assets at December 31, 2015 and September 30, 2015:

    December 31, 2015   September 30, 2015
License Rights   $ 17,712,991     $ 17,712,991  
Patent Costs     200,000       200,000  
      17,912,991       17,912,991  
Accumulated Amortization     (1,862,826 )     (1,580,128 )
Total Intangible Assets   $ 16,050,165     $ 16,332,863  

During the three months ended December 31, 2015, the Company recognized $282,698 in amortization expense on the patents and license rights. The amortization expense has been included in research and development expense.