| Gross Carrying Amounts and Net Book Value of Intangible Assets |
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Gross Carrying
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Accumulated
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Net Book
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Amount
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Amortization
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Value
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Intangible assets with finite lives:
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Developed technology - PREBOOST®
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$
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2,400,000
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$
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523,172
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$
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1,876,828
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Covenants not-to-compete
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500,000
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208,333
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291,667
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Total intangible assets with finite lives
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2,900,000
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731,505
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2,168,495
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Acquired in-process research and development assets
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18,000,000
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—
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18,000,000
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Total intangible assets
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$
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20,900,000
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$
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731,505
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$
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20,168,495
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The gross carrying amounts and net book value of intangible assets are as follows at September 30, 2018:
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Gross Carrying
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Accumulated
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Net Book
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Amount
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Amortization
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Value
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Intangible assets with finite lives:
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Developed technology - PREBOOST®
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$
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2,400,000
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$
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285,366
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$
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2,114,634
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Covenants not-to-compete
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500,000
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136,905
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363,095
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Total intangible assets with finite lives
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2,900,000
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422,271
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2,477,729
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Acquired in-process research and development assets
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18,000,000
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—
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18,000,000
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Total intangible assets
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$
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20,900,000
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$
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422,271
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$
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20,477,729
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| Estimated Future Amortization Expense |
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Estimated
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Year Ending September 30,
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Amortization Expense
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2020
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$
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316,368
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2021
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323,706
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2022
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331,316
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2023
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339,062
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2024
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281,603
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Thereafter
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576,440
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Total
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$
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2,168,495
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