Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
6 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

    As of December 31,     As of June 30,  
    2018     2018  
             
Product Licenses - Cost   $ 47,244,997     $ 47,244,997  
Effect of Translation Adjustment     (11,645,937 )     (7,857,270 )
Accumulated Amortization     (25,962,050 )     (27,140,531 )
Net Balance   $ 9,637,010     $ 12,247,196  

Estimated Amortization Expense of Intangible Assets Over Next Five Years

Estimated amortization expense of intangible assets over the next five years is as follows:

 

Year ended:      
December 31, 2019   $ 2,086,530  
December 31, 2020     2,086,530  
December 31, 2021     2,086,530  
December 31, 2022     2,086,530  
December 31, 2023     1,290,890  
    $ 9,637,010