Intangible Assets

6 Months Ended

Mar. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 4 – Intangible Assets

Intangible assets at March 31, 2012 and September 30, 2011 consist of the following:

	Useful		Gross		Accumulated
March 31, 2012	Life (years)		Amount		Amortization
Acquired Customer Base		5-15	$	7,063,962	$	1,851,921
Know How		15		513,217		128,000
Trade Names		15		219,000		55,967
Backlog		4		182,000		163,567
Biomedical Technologies		5		300,000		30,000
			$	8,278,179	$	2,229,455

	Useful		Gross		Accumulated
September 30, 2011	Life (years)		Amount		Amortization
Acquired Customer Base		5-15	$	7,063,962	$	1,617,550
Know How		15		513,217		112,150
Trade Names		15		219,000		47,450
Backlog		4		182,000		126,700
Biomedical Technologies		5		300,000		-0-
			$	8,278,179	$	1,903,850

Amortization expense for the three months ended March 31, 2012 and 2011 was $162,802 and $149,205 respectively. Amortization expense for the six months ended March 31, 2012 and 2011 was $325,605 and $298,410, respectively. Estimated amortization expense for each of the next five fiscal years is as follows:

	2012 (6 Months)		2013		2014		2015		2016		Thereafter		Total
Acquired Customer Base	$	233,357	$	463,133	$	463,133	$	463,133	$	463,133	$	3,126,153	$	5,212,041
Know How		36,867		73,733		73,733		73,733		73,733		53,417		385,217
Trade Names		7,300		14,600		14,600		14,600		14,600		97,333		163,033
Backlog		18,433		-0-		-0-		-0-		-0-		-0-		18,433
Biomedical Technologies		30,000		60,000		60,000		60,000		60,000		-0-		270,000
	$	325,957	$	611,466	$	611,466	$	611,466	$	611,466	$	3,276,903	$	6,048,724