GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

5. GOODWILL AND INTANGIBLE ASSETS

Changes in goodwill for the nine months ended June 30, 2022, consists of the following:

	June 30, 2022
Balance at September 30, 2021	$	-
Dripkit acquisition		531,412
Balance at June 30, 2022	$	531,412

As of June 30, 2022, the Company’s intangible assets consisted of the following:

	Amortization		June 30, 2022
	Period (Years)		Gross		Accumulated Amortization		Net
Tradenames		5	$	230,000	$	15,333	$	214,667
Customer relationships		3		100,000		11,111		88,889
Balance at June 30, 2022			$	330,000	$	26,444	$	303,556

Amortization expense was $26,444 for the nine months ended June 30, 2022.