Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.21.1
Intangible Assets (Tables)
9 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

    As of     As of  
    March 31, 2021     June 30, 2020  
             
Product Licenses - Cost   $ 47,244,997     $ 47,244,997  
Effect of Translation Adjustment     (13,740,208 )     (16,045,322 )
Accumulated Amortization     (28,997,634 )     (25,808,598 )
Net Balance   $ 4,507,155     $ 5,391,077
Summary of Estimated Amortization Expense of Intangible Assets

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

 

Period ended:      
March 31, 2022   $ 1,899,819  
March 31, 2023     1,899,819  
March 31, 2024     707,517  
    $ 4,507,155