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Patents
 3 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Patents

Note 5 – Patents

 

The cost of the Luoxis patents were $380,000 when they were acquired in connection with the 2013 formation of Luoxis and are being amortized over the remaining U.S. patent lives of approximately 15 years, which expires in March 2028. Patents consist of the following:

  

   As of
September 30,		   As of
June 30,		 
   2018   2018 
         
Patents  $380,000   $380,000 
Less accumulated amortization   (140,000)   (134,000)
           
Patents, net  $240,000   $246,000 

 

The amortization expense was as follows:

   

   Three Months Ended
September 30,		 
   2018   2017 
          
Amortization expense  $6,000   $6,000