Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
3 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

   

As of

September 30, 2018

   

As of

June 30, 2018

 
             
Product Licenses - Cost   $ 47,244,997     $ 47,244,997  
Effect of Translation Adjustment     (8,345,651 )     (7,857,270 )
Accumulated Amortization     (27,433,421 )     (27,140,531 )
Net Balance   $ 11,465,925     $ 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:        
September 30, 2018     $ 2,351,923  
September 30, 2020       2,351,923  
September 30, 2021       2,351,923  
September 30, 2022       2,351,923  
September 30, 2023       2,058,233  
      $ 11,465,925