| Schedule of Finite-Lived Intangible Assets |
Intangible assets consist of the following:
| |
|
June 30, 2017 |
|
|
March 31, 2017 |
|
| Definite life brands |
|
$ |
170,000 |
|
|
$ |
170,000 |
|
| Trademarks |
|
|
641,693 |
|
|
|
631,693 |
|
| Rights |
|
|
8,271,555 |
|
|
|
8,271,555 |
|
| Product development |
|
|
189,228 |
|
|
|
186,668 |
|
| Patents |
|
|
994,000 |
|
|
|
994,000 |
|
| Other |
|
|
55,460 |
|
|
|
55,460 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
10,321,936 |
|
|
|
10,309,376 |
|
| Less: accumulated amortization |
|
|
8,146,844 |
|
|
|
8,035,018 |
|
| |
|
|
|
|
|
|
|
|
| Net |
|
|
2,175,092 |
|
|
|
2,274,358 |
|
| Other identifiable intangible assets — indefinite lived* |
|
|
4,112,972 |
|
|
|
4,112,972 |
|
| |
|
|
|
|
|
|
|
|
| |
|
$ |
6,288,064 |
|
|
$ |
6,387,330 |
|
* Other identifiable intangible assets
— indefinite lived consists of product formulations and the Company’s relationships with its distillers. |
| Schedule of Accumulated Amortization |
Accumulated amortization consists of
the following:
| |
|
June 30, 2017 |
|
|
March 31, 2017 |
|
| Definite life brands |
|
$ |
170,000 |
|
|
$ |
170,000 |
|
| Trademarks |
|
|
376,055 |
|
|
|
367,294 |
|
| Rights |
|
|
6,701,372 |
|
|
|
6,617,062 |
|
| Product development |
|
|
39,663 |
|
|
|
34,478 |
|
| Patents |
|
|
859,754 |
|
|
|
843,184 |
|
| |
|
|
|
|
|
|
|
|
| Accumulated amortization |
|
$ |
8,146,844 |
|
|
$ |
8,035,018 |
|
|