Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
 3 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS

 

Intangible assets at December 31, 2017 and September 30, 2017:

 

    December 31,   September 30,
    2017   2017
License Rights   $ 17,712,991     $ 17,712,991  
Patent Costs     200,000       200,000  
      17,912,991       17,912,991  
Accumulated Amortization     (4,107,507 )     (3,825,389 )
Total Intangible Assets   $ 13,805,484     $ 14,087,602  

 

During the three month period ended December 31, 2017, the Company recognized $282,118 in amortization expense on the patents and license rights.