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Purchase of LAT Pharma (Tables)
 3 Months Ended
Sep. 30, 2016
Purchase Of Lat Pharma Tables  
Schedule of Assets and Liabilities of LAT Pharma, Inc.

The assets and liabilities of LAT Pharma, Inc. were recorded at their respective fair values as of the closing date of the Merger Agreement, and the following table summarizes these values based on the balance sheet at April 11, 2016. 

x

$ 2,303,682     Assets Purchased
  260,193     Liabilities Assumed
  2,043,489     Net Assets Purchased
  2,389,200     Purchase Price
$ 345,711     Goodwill from Purchase

 

Intangible asset detail 

$ 2,293,770     Intangible Intellectual Property
  345,711     Goodwill
  2,639,481     Intangible Asset from Purchase
Intangible intellectual property

The intangible intellectual property is amortized over 10 years.

    Sep-16   Sep-15
Intangible assets subject to amortization   $ 2,293,770.00          
Amortization expense in current quarter   $ 57,344.00          
Accumulated amortization at quarter end   $ 108,380.00