Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.6.0.2
INTANGIBLE ASSETS
 3 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS

Intangible assets at December 31, 2016 and September 30, 2016:

    December 31,
2016 		 

September 30,
2016

License Rights   $ 17,712,991     $ 17,712,991  
Patent Costs     200,000       200,000  
      17,912,991       17,912,991  
Accumulated Amortization     (2,987,471 )     (2,704,772 )
Total Intangible Assets   $ 14,925,520     $ 15,208,219  

During the three months ended December 31, 2016, and 2015, the Company recognized $282,699, and $282,698, in amortization expense on the patents and license rights. The amortization expense has been included in research and development expense.