Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

	As of			As of
	June 30, 2020			June 30, 2019
Product Licenses - Cost	$	47,244,997		$	47,244,997
Effect of Translation Adjustment		(16,045,322	)		(15,343,727	)
Accumulated Amortization		(25,808,598	)		(24,568,320	)
Net Balance	$	5,391,077		$	7,332,950

Summary of Estimated Amortization Expense of Intangible Assets

Estimated amortization expense of intangible assets over the next five years is as follows:

Year ended:
June 30, 2021	$	1,730,911
June 30, 2022		1,730,911
June 30, 2023		1,730,911
June 30, 2024		198,344
	$	5,391,077