| Schedule of intangible assets |
| |
|
Original
Fair
Market Value |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Useful Life
(Years) |
| |
|
|
|
|
|
|
|
|
| Balance - September 30, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| In-process research
and development |
|
$ |
3,730,000 |
|
|
$ |
– |
|
|
$ |
3,730,000 |
|
|
– |
| Trade names |
|
|
100,000 |
|
|
|
35,000 |
|
|
|
65,000 |
|
|
5 |
| Non-compete
agreements |
|
|
77,000 |
|
|
|
26,950 |
|
|
|
50,050 |
|
|
5 |
| |
|
$ |
3,907,000 |
|
|
$ |
61,950 |
|
|
$ |
3,845,050 |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
|
|