Quarterly report pursuant to Section 13 or 15(d)

Intangibles, Net of Accumulated Amortization

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Intangibles, Net of Accumulated Amortization
9 Months Ended
Mar. 31, 2017
Intangibles, Net of Accumulated Amortization [Abstract]  
INTANGIBLES, net of accumulated amortization

NOTE 6

  INTANGIBLES, net of accumulated amortization

 

Intangibles consist of the following:

    March 31,
2017
    June 30,
2016
 
             
Patents in process   $ 142,116     $ 142,116  
Patents issued     58,037       58,037  
      200,153       200,153  
                 
Less accumulated amortization     (29,300 )     (27,428 )
                 
Total   $ 170,853     $ 172,725  

 

The aggregate amortization expense charged to operations was $624 and $624 and $1,872 and $1,872 for three and nine months ended March 31, 2017 and 2016, respectively. The amortization policies followed by the Company are described in Note 1.

 

As of March 31, 2017, the estimated future amortization expense related to finite-lived intangible assets was as follows:

 

Fiscal year ending,      
June 30, 2017- remaining three months   $ 624  
June 30, 2018     2,496  
June 30, 2019     2,496  
June 30, 2020     2,496  
June 30, 2021     2,496  
Thereafter     160,245  
         
Total   $ 170,853