Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

v3.21.2
INTANGIBLE ASSETS (Tables)
3 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consisted of the following:

 

    As of     As of  
   

September 30,

2021

   

June 30,

2021

 
             
Product Licenses - Cost   $ 47,244,997     $ 47,244,997  
Effect of Translation Adjustment     (16,197,429 )     (14,440,001 )
Accumulated Amortization     (27,864,251 )     (28,900,340 )
Net Balance   $ 3,183,317     $ 3,904,656  
SUMMARY OF ESTIMATED AMORTIZATION EXPENSE OF INTANGIBLE ASSETS

Estimated amortization expense of intangible assets is as follows:

 

Period ended:        
September 30, 2022   $ 1,701,347  
September 30, 2023     1,481,970  
Net Balance   $ 3,183,317