XML 29 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
DEFINITE-LIFE INTANGIBLE ASSETS (Tables)
 6 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of life intangible assets

At December 31, 2018 and June 30, 2018, definite and indefinite-life intangible assets consisted of the following:  

 

   

Useful

Life

  

December 31,

2018

   Period Change  

Effect of

Currency Translation

  

June 30,

2018

Patents   20 Years   $ 304,440       —       $ (6,528 )   $ 310,968  
License Agreement   20 Years     154,824,000       —         —         154,824,000  
                                     
Goodwill         11,640,000       —         —         11,640,000  
Total         166,768,440       —         (6,528 )     166,774,968  
Less Accumulated Amortization         (6,872,959 )     (3,841,999 )               8,459        (3,039,509 )
Net Definite-Life Intangible Assets       $ 159,895,481       (3,841,999 )     (2,021 )   $ 163,735,459  
Schedule of expected future amortization expense

At December 31, 2018 the expected future amortization expense for the years ended are as follows: 

 

Year ending June 30,      
2019     3,923,340  
2020     7,756,790  
2021     7,756,790  
2022     7,756,790  
2023     7,756,790  
Thereafter     113,304,981  
         
    $ 148,255,481