| Gross Carrying Amounts and Net Book Value of Intangible Assets |
The gross carrying amounts and net book value of intangible assets were as follows at March 31, 2021:
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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 asset with finite life:
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Covenants not-to-compete
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$
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500,000
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$
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315,476
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$
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184,524
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Indefinite-lived intangible assets:
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Acquired in-process research and development assets
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3,900,000
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—
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3,900,000
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Total intangible assets
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$
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4,400,000
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$
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315,476
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$
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4,084,524
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The gross carrying amounts and net book value of intangible assets were as follows at September 30, 2020:
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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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768,111
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$
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1,631,889
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Covenants not-to-compete
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500,000
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279,762
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220,238
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Total intangible assets with finite lives
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2,900,000
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1,047,873
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1,852,127
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Acquired in-process research and development assets
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3,900,000
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—
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3,900,000
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Total intangible assets
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$
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6,800,000
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$
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1,047,873
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$
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5,752,127
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