10 INTANGIBLE ASSETS AND GOODWILL As at 30 June 2023 $ As at 30 June 2022 $ INTELLECTUAL PROPERTY Patents – at cost 275,536 381,313 Accumulated amortisation (40,013) (73,585) 235,523 307,728 Trademarks at cost 40,287 37,039 Purchased intellectual property hTERT 2,896,772 2,896,772 Accumulated amortisation (804,061) (749,272) Accumulated impairment (1,790,842) (1,790,842) 301,869 356,658 Molecular NETS 15,686,495 15,686,495 Accumulated amortisation (2,330,680) (1,440,536) Accumulated impairment (4,431,828) (4,431,828) 8,923,987 9,814,131 SubB2M 1,150,000 1,150,000 Per Statement of Financial Position 10,651,666 11,665,556 Goodwill on acquisition Goodwill on acquisition of Sienna 13,919,779 13,919,779 Accumulated impairment (13,919,779) (13,919,779) Per Statement of Financial Position – – 10,651,666 11,665,556 Class of Intangible Asset Amortisation Rate Patents 6.4% - 9.5% straight line hTERT 15.36% straight line Molecular NETS 9.07% straight line SubB2M asset useful life and resulting amortisation is still to be determined. Notes to the Financial Statements for the year ended 30 June 2023 54 INOVIQ Limited
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