Trademark and Patents

12 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 6 – Trademark and Patents

Trademark and patents, stated at cost, less accumulated amortization consisted of the following:

	June 30,  2017		June 30,  2016
Trademarks and Patents	$	458,954	$	458,954
Less Accumulated Amortization		(75,756)		(67,487)
Trademarks and Patents, Net	$	383,198	$	391,467

Amortization expense amounted to $8,269, $8,270, and $8,521 for the years ended June 30, 2017, 2016 and 2015, respectively.

The Company amortizes our trademarks and patents over their expected original useful lives of 17 years.

 

Amortization expense in future years is as follows:

2018	$	8,270
2019		8,270
2020		8,270
2021		8,270
2022		8,270
Thereafter		341,848
Total amortization	$	383,198