Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
 9 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS

Intangible assets at June 30, 2017 and September 30, 2016

    June 30, 2017   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     (3,543,244 )     (2,704,772 )
Total Intangible Assets   $ 14,369,747   $ 15,208,219  

 

During the three and nine month periods ended June 30, 2017, the Company recognized $279,222 and $838,472 respectively, in amortization expense on the patents and license rights. The amortization expense has been included in research and development expense.