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Intangible Assets (Tables) | 6 Months Ended
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Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consisted of the following:
|  | As of December 31, 2016 |  |  | As of June 30, 2016 |
Product Licenses - Cost |  | $ | 47,244,997 |  |  | $ | 48,632,368 |
Additions |  |  | - |  |  |  | - |
Deletions |  |  | - |  |  |  | (1,387,371 | )
Effect of Translation Adjustment |  |  | (3,265,457 | ) |  |  | (3,323,518 | )
Accumulated Amortization |  |  | (25,556,101 | ) |  |  | (24,247,446 | )
Net Balance |  | $ | 18,423,439 |  |  | $ | 19,674,033 |
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: |  |  |
December 31, 2017 |  | $ | 2,777,259 |
December 31, 2018 |  |  | 2,777,259 |
December 31, 2019 |  |  | 2,777,259 |
December 31, 2020 |  |  | 2,777,259 |
December 31, 2021 |  |  | 2,777,259 |
Thereafter |  |  | 4,537,144 |
|  | $ | 18,423,439 |

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- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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