Other Assets

As of September 30, 2017 and June 30, 2017, other assets consisted of the following:



	September 30, 2017			June 30, 2017
Royalty rights	$	108,512		$	108,512
Less: Accumulated amortization of royalty rights	(23,737		)	(20,346		)
Investment in Well Lift Inc., at cost	108,750			108,750
Deferred loan costs	168,972			168,972
Less: Accumulated amortization of deferred loan costs	(84,571		)	(70,504		)
Other assets, net	$	277,926		$	295,384

The Company accounts for its investment in Well Lift Inc. using the cost method under which any return of capital reduces our cost basis in the investment and any dividends paid are recorded as income. Investment value is evaluated for impairment at least quarterly or when management identifies any events or changes in circumstances that might have a significant adverse effect on the fair value of the investment. There is no published market value for this private investment, so it is not practicable to value it at fair market value on a periodic basis.