Quarterly report pursuant to Section 13 or 15(d)

TECHNOLOGY AND OTHER ASSETS

v3.20.2
TECHNOLOGY AND OTHER ASSETS
 6 Months Ended
Sep. 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 six months ended September 30, 2020, and the year ended March 31, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Value 

    

 

    

Expenses

    

Value at

    

Expenses

    

Value at

 

 

Amortization

 

acquired

 

Impairment

 

March 31, 2020

 

March 31, 2020

 

September 30, 2020

 

September 30, 2020

Intangible assets acquired

 

period (years)

 

$

 

$

 

$

 

$

 

$

 

$

Patents and exclusive License Agreement

 
9.74

 

1,306,031

 

307,388

 
134,090

 

469,962

 

40,554

 

429,408

Trademark

 

Indefinite

 

2,505,907

 

1,605,907

 

 —

 

900,000

 

 —

 

900,000

Customer relationships

 
10

 

1,431,680

 

787,245

 
143,168

 

79,962

 

6,454

 

73,508

Non-compete agreement

 
2

 

61,366

 

 —

 

 —

 

 —

 

 —

 

 —

Assembled workforce

 
1

 

275,720

 

 —

 

 —

 

 —

 

 —

 

 —

 

 

 

 

5,580,704

 

2,700,540

 
277,258

 

1,449,924

 

47,008

 

1,402,916

 

The cumulative amortization for the technology and other assets  was $1,477,248 at September 30, 2020 (March 31, 2020- $1,430,240)