Quarterly report pursuant to Section 13 or 15(d)

TECHNOLOGY AND OTHER ASSETS

v3.20.2
TECHNOLOGY AND OTHER ASSETS
3 Months Ended
Jun. 30, 2020
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, 2020, and the year ended March 31, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Value 

    

Impairment

    

Expenses

    

Value at

    

Expenses

    

Value at

 

 

Amortization

 

acquired

 

 

 

March 31, 2020

 

March 31, 2020

 

June 30, 2020

 

June 30, 2020

Intangible assets acquired

 

period (years)

 

$

 

$

 

$

 

$

 

$

 

$

Patents and exclusive License Agreement

 

9.74

 

1,306,031

 

307,388

 

134,090

 

469,962

 

20,277

 

449,685

Trademark

 

Indefinite

 

2,505,907

 

1,605,907

 

 —

 

900,000

 

 —

 

900,000

Customer relationships

 

10

 

1,431,680

 

787,245

 

143,168

 

79,962

 

3,227

 

76,735

Non compete agreement

 

2

 

61,366

 

 —

 

 —

 

 —

 

 —

 

 —

Assembled workforce

 

1

 

275,720

 

 —

 

 —

 

 —

 

 —

 

 —

 

 

 

 

5,580,704

 

2,700,540

 

277,258

 

1,449,924

 

23,504

 

1,426,420

 

The cumulative amortization for the technology and other assets  was $1,453,744 at June 30, 2020 (March 31, 2020- $1,430,240).