Quarterly report pursuant to Section 13 or 15(d)

TECHNOLOGY AND OTHER ASSETS

v3.10.0.1
TECHNOLOGY AND OTHER ASSETS
3 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]
4.
TECHNOLOGY AND OTHER ASSETS
 
The schedule below reflects the intangible assets acquired in the IMT acquisition on April 21, 2016 and the asset amortization period and expense for the three month period ended June 30, 2018 and the year ended March 31, 2018:
 
Intangible
 
Amortization
         
Expense March
   
Value at March
   
Expense June
   
Value at June
 
assets acquired
 
period (years)
   
Value acquired
   
31, 2018
   
31, 2018
   
30, 2018
   
30, 2018
 
         
$
   
$
   
$
   
$
   
$
 
Patents and exclusive License 
Agreement
    9.74       1,306,031       134,126       1,045,530       33,522       1,012,008  
Trademark    
Indefinite
      2,505,907       -       2,505,907       -       2,505,907  
Customer relationships     10       1,431,680       143,206       1,153,543       35,792       1,117,751  
Non-compete agreement     2       61,366       30,709       1,739       1,739       -  
Assembled Workforce     1       275,720       15,864       -       -       -  
              5,580,704       323,905       4,706,719       71,053       4,635,666  
 
Amortization for the quarter ended June 30, 2017 was $92,949.