| Schedule of intangible assets |
| |
|
Original
Fair Market Value |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Useful
Life
(Years) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance - September 30, 2018: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| In-process research and development |
|
$ |
3,730,000 |
|
|
$ |
– |
|
|
$ |
3,730,000 |
|
|
|
– |
|
| Trade names |
|
|
100,000 |
|
|
|
55,000 |
|
|
|
45,000 |
|
|
|
5 |
|
| Non-compete agreements |
|
|
77,000 |
|
|
|
42,350 |
|
|
|
34,650 |
|
|
|
5 |
|
| |
|
$ |
3,907,000 |
|
|
$ |
97,350 |
|
|
$ |
3,809,650 |
|
|
|
|
|
| Balance - December 31, 2017: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| In-process research and development |
|
$ |
3,730,000 |
|
|
$ |
– |
|
|
$ |
3,730,000 |
|
|
|
– |
|
| Trade names |
|
|
100,000 |
|
|
|
40,000 |
|
|
|
60,000 |
|
|
|
5 |
|
| Non-compete agreements |
|
|
77,000 |
|
|
|
30,800 |
|
|
|
46,200 |
|
|
|
5 |
|
| |
|
$ |
3,907,000 |
|
|
$ |
70,800 |
|
|
$ |
3,836,200 |
|
|
|
|
|
|