Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
9 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

    As of     As of  
    March 31, 2019     June 30, 2018  
             
Product Licenses - Cost   $ 47,244,997     $ 47,244,997  
Effect of Translation Adjustment     (11,792,021 )     (7,857,270 )
Accumulated Amortization     (26,410,250 )     (27,140,531 )
Net Balance   $ 9,042,726     $ 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:      
March 31, 2020   $ 2,069,753  
March 31, 2021     2,069,753  
March 31, 2022     2,069,753  
March 31, 2023     2,069,753  
March 31, 2024     763,714  
    $ 9,042,726