Intangible Assets

3 Months Ended

Dec. 31, 2011

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 4 – Intangible Assets

Intangible assets at December 31, 2011 and September 30, 2011 consist of the following:

	Useful		Gross		Accumulated
December 31, 2011	Life (years)		Amount		Amortization
Acquired Customer Base		5-15	$	7,025,413	$	1,697,589
Know How		15		512,000		119,467
Trade Names		15		219,000		49,698
Backlog		4		182,000		145,133
Biomedical Technologies		5		300,000		15,000
			$	8,238,413	$	2,026,887

	Useful		Gross		Accumulated
September 30, 2011	Life (years)		Amount		Amortization
Acquired Customer Base		5-15	$	7,025,413	$	1,579,001
Know How		15		512,000		110,933
Trade Names		15		219,000		47,450
Backlog		4		182,000		126,700
Biomedical Technologies		5		300,000		-0-
			$	8,238,413	$	1,864,084

Amortization expense for the three months ended December 31, 2011 and 2010 was $162,803 and $149,205 respectively. Estimated amortization expense for each of the next five fiscal years is as follows:

	2012 (9 Months)		2013		2014		2015		2016		Total
Acquired Customer Base	$	349,140	$	463,133	$	463,133	$	463,133	$	463,133	$	2,201,672
Know How		55,300		73,733		73,733		73,733		73,733		350,232
Trade Names		10,950		14,600		14,600		14,600		14,600		69,350
Backlog		36,867		-0-		-0-		-0-		-0-		36,867
Biomedical Technologies		45,000		60,000		60,000		60,000		60,000		285,000
	$	452,257	$	551,466	$	551,466	$	551,466	$	551,466	$	2,658,121