Intangible Assets

9 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 5 – Intangible Assets

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

	Useful			Gross		Accumulated
June 30, 2014		Life (years)		Amount		Amortization		Net
Acquired Customer Base			5 to 15	$	915,718	$	406,358	$	509,360
Know How			15		539,405		204,882		334,523
Trade Names			Indefinite		356,297		-		356,297
Biomedical Technologies			5		260,000		126,667		133,333
				$	2,071,420	$	737,907	$	1,333,513

	Useful	Gross		Accumulated Amortization
September 30, 2013	Life (years)	Amount				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 June 30, 2014 and 2013 was $44,130 and $170,304, respectively. Amortization expense for the nine months ended June 30, 2014 and 2013 was $132,686 and $495,079, respectively. Estimated amortization expense for each of the next five fiscal years is as follows:

	2014 (3 months)		2015		2016		2017		2018		Thereafter		Total
Acquired Customer Base	$	19,988	$	79,952	$	79,952	$	79,952	$	79,952	$	169,564	$	509,360
Know How		8,534		34,133		34,133		34,133		34,133		189,457		334,523
Biomedical Technologies		15,000		60,000		58,333		-		-		-		133,333
	$	43,522	$	174,085	$	172,418	$	114,085	$	114,085	$	359,021	$	977,216