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 six months ended September 30, 2020, and the year ended March 31, 2020:
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Value
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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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Amortization
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acquired
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Impairment
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March 31, 2020
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March 31, 2020
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September 30, 2020
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September 30, 2020
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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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$
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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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307,388
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134,090
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469,962
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40,554
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429,408
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Trademark
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Indefinite
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2,505,907
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1,605,907
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—
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900,000
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—
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900,000
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Customer relationships
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10
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1,431,680
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787,245
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143,168
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79,962
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6,454
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73,508
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Non-compete agreement
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2
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61,366
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—
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—
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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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—
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5,580,704
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2,700,540
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277,258
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1,449,924
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47,008
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1,402,916
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