Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.21.2
Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

    As of     As of  
    June 30, 2021     June 30, 2020  
             
Product Licenses - Cost   $ 47,244,997     $ 47,244,997  
Effect of Translation Adjustment     (14,440,001 )     (16,045,322 )
Accumulated Amortization     (28,900,340 )     (25,808,598 )
Net Balance   $ 3,904,656     $ 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:

 

Years ended:      
June 30, 2022   $ 1,839,736  
June 30, 2023     1,839,736  
June 30, 2024     225,184  
    $ 3,904,656