IDENTIFIABLE INTANGIBLE ASSETS |
12 Months Ended |
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Sep. 30, 2024 | |
Identifiable Intangible Assets | |
IDENTIFIABLE INTANGIBLE ASSETS | NOTE 7 – IDENTIFIABLE INTANGIBLE ASSETS
The estimated fair values of the identifiable intangible assets acquired were calculated using an income valuation approach which requires a forecast of expected future cash flows either through the use of relief-from-royalty method or multi-period excess earnings methods (“MPEEM”).
We conducted a fair value analysis of the intangible assets acquired as of September 30, 2023, and concluded that the full carrying value of this asset should be impaired. Our balance sheet as of September 30, 2023, reflects this conclusion. Incurring impairment in fiscal year 2023 neither indicated a decrease in our emphasis on Enclave as a key initiative nor did it suggest a lack of market interest in the product.
We did not have identifiable intangible assets at September 30, 2024.
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