Schedule of intangible assets acquired in the IMT aquisition |
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:
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Amortization
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Expenses
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Value at
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Expenses
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Value at
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period (years)
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Value acquired
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March 31, 2019
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March 31, 2019
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June 30, 2019
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June 30, 2019
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Intangible assets acquired
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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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134,126
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911,440
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33,522
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877,918
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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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143,206
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1,010,375
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35,792
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974,583
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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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69,314
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4,358,408
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