Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
 6 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS

 

Intangible assets at March 31, 2018 and September 30, 2017:

 

             
    March 31,
2018		     September 30,
2017		  
License Rights   $ 17,712,991     $ 17,712,991  
                 
Patent Costs     200,000       200,000  
                 
      17,912,991       17,912,991  
                 
Accumulated Amortization     (4,383,365 )     (3,825,389 )
                 
Total Intangible Assets   $ 13,529,626     $ 14,087,602  

 

During the three month and six month periods ended March 31, 2017 the Company recognized $276,551, and $559,250, respectively, in amortization expense on the patents and license rights. During the three month and six month periods ended March 31, 2018 the Company recognized $275,857, and $557,976, respectively, in amortization expense on the patents and license rights. The amortization expense has been included in research and development expense.