Schedule of intangible assets acquired in the IMT acquisition |
The schedule below reflects the intangible assets acquired in the IMT acquisition and the assets amortization period and expense for the nine months ended December 31, 2019, and the year ended March 31, 2019:
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Value
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Amortization
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Value at
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Amortization
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Value at
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Amortization
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Acquired
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March 31, 2019
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March 31, 2019
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December 31, 2019
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December 31, 2019
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Intangible assets acquired
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period (years)
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$
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$
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$
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$
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$
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Patents and exclusive License Agreement
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9.74
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1,306,031
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134,090
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911,440
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100,566
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810,874
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Trademark
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Indefinite
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2,505,907
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—
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2,505,907
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—
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2,505,907
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Customer relationships
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10
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1,431,680
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143,168
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1,010,375
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107,377
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902,998
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Non compete agreement
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2
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61,366
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1,739
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—
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—
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—
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Assembled workforce
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1
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275,720
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—
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—
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—
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—
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5,580,704
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278,997
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4,427,722
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207,943
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4,219,779
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