Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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

Intangible assets consisted of the following:

 

    As of     As of  
    March 31, 2018     June 30, 2017  
             
Product Licenses - Cost   $ 47,244,997     $ 47,244,997  
Effect of Translation Adjustment     (6,141,253 )     (3,134,488 )
Accumulated Amortization     (27,570,124 )     (27,067,358 )
Net Balance   $ 13,533,620     $ 17,043,151  

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, 2019   $ 2,516,328  
March 31, 2020     2,516,328  
March 31, 2021     2,516,328  
March 31, 2022     2,516,328  
March 31, 2023     2,516,328  
Thereafter     951,980  
    $ 13,533,620