Intangible Assets

6 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 5 – Intangible Assets

Intangible assets at March 31, 2014 and September 30, 2013 consist of the following:

	Useful		Gross		Accumulated
March 31, 2014	Life (years)		Amount		Amortization		Net
Acquired Customer Base		5 to 15	$	888,318	$	375,380	$	512,938
Know How		15		512,000		196,349		315,651
Trade Names		Indefinite		344,639		-		344,639
Biomedical Technologies		5		260,000		111,667		148,333
			$	2,004,957	$	683,396	$	1,321,561

	Useful		Gross		Accumulated
September 30, 2013	Life (years)		Amount		Amortization		Net
Acquired Customer Base		5 to 15	$	5,145,638	$	2,645,715	$	2,499,923
Know How		15		512,000		179,283		332,717
Trade Names		15 or Indefinite		547,802		75,856		471,946
Biomedical Technologies		5		300,000		120,003		179,997
			$	6,505,440	$	3,020,857	$	3,484,583

Amortization expense for the three months ended March 31, 2014 and 2013 was $43,667 and $143,506, respectively. Amortization expense for the six months ended March 31, 2014 and 2013 was $88,555 and $324,774, respectively. Estimated amortization expense for each of the next five fiscal years is as follows:

	2014 (6 months)		2015		2016		2017		2018		Thereafter		Total
Acquired Customer Base	$	39,976	$	79,952	$	79,952	$	79,952	$	79,952	$	153,154	$	512,938
Know How		17,067		34,133		34,133		34,133		34,133		162,052		315,651
Biomedical Technologies		30,000		60,000		58,333		-		-		-		148,333
	$	87,043	$	174,085	$	172,418	$	114,085	$	114,085	$	315,206	$	976,922