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Trademark and Patents

12 Months Ended

Jun. 30, 2020

Trademarks and Patents

Trademarks and Patents

Note 6 – Trademark and Patents

Trademark and patents, stated at cost, less accumulated amortization consisted of the following:

		June 30,			June 30,
		2020			2019
Trademarks and Patents		$	458,954		$	458,954
Less Accumulated Amortization			(100,566)			(92,296)
Trademarks and Patents, Net		$	358,388		$	366,658

Amortization expense amounted to $8,270,  $8,271, and $8,269 for the years ended June 30, 2020, 2019 and 2018, respectively.

The Company amortizes our trademarks and patents over their expected original useful lives of 17 years.

Amortization expense in future years is as follows:

Years ended June 30,
2021		$	8,271
2022			8,271
2023			8,271
2024			8,271
2025			8,271
Thereafter			317,033
Total amortization		$	358,388

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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