| Schedule of intangible assets |
| |
|
Original
Fair Market Value |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Useful
Life (Years) |
|
| Balance - June 30, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| In-process research and development |
|
$ |
3,730,000 |
|
|
$ |
– |
|
|
$ |
3,730,000 |
|
|
|
|
|
| Trade names |
|
|
100,000 |
|
|
|
30,000 |
|
|
|
70,000 |
|
|
|
5 |
|
| Non-compete agreements |
|
|
77,000 |
|
|
|
23,100 |
|
|
|
53,900 |
|
|
|
5 |
|
| |
|
$ |
3,907,000 |
|
|
$ |
53,100 |
|
|
$ |
3,853,900 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance - December 31, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| In-process research and development |
|
$ |
3,730,000 |
|
|
$ |
– |
|
|
$ |
3,730,000 |
|
|
|
|
|
| Trade names |
|
|
100,000 |
|
|
|
20,000 |
|
|
|
80,000 |
|
|
|
5 |
|
| Non-compete agreements |
|
|
77,000 |
|
|
|
15,400 |
|
|
|
61,600 |
|
|
|
5 |
|
| |
|
$ |
3,907,000 |
|
|
$ |
35,400 |
|
|
$ |
3,871,600 |
|
|
|
|
|
|