Quarterly report pursuant to Section 13 or 15(d)

TECHNOLOGY AND OTHER ASSETS

v3.19.2
TECHNOLOGY AND OTHER ASSETS
3 Months Ended
Jun. 30, 2019
TECHNOLOGY AND OTHER ASSETS  
TECHNOLOGY AND OTHER ASSETS

4.       TECHNOLOGY AND OTHER ASSETS

The schedule below reflects the intangible assets acquired in the IMT acquisition and the assets amortization period and expense for the three months ended June 30, 2019, and the year ended March 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Amortization

    

 

    

Expenses

    

Value at

    

Expenses

    

Value at

 

 

period (years)

 

Value acquired

 

March 31, 2019

 

March 31, 2019

 

June 30, 2019

 

June 30, 2019

Intangible assets acquired

 

 

 

$

 

$

 

$

 

$

 

$

Patents and exclusive License Agreement

 

9.74

 

1,306,031

 

134,126

 

911,440

 

33,522

 

877,918

Trademark

 

Indefinite

 

2,505,907

 

 —

 

2,505,907

 

 —

 

2,505,907

Customer relationships

 

10

 

1,431,680

 

143,206

 

1,010,375

 

35,792

 

974,583

Non compete agreement

 

 2

 

61,366

 

1,739

 

 —

 

 —

 

 —

Assembled workforce

 

 1

 

275,720

 

 —

 

 —

 

 —

 

 —

 

 

 

 

5,580,704

 

278,997

 

4,427,722

 

69,314

 

4,358,408

 

The aggregate amortization expense for the technology and other assets was $69,314 and $71,053 at June 30, 2019 and 2018, respectively.