Intangible Assets

3 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 5 – Intangible Assets

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

	Useful		Gross		Accumulated
December 31, 2014	Life (years)		Amount		Amortization		Net
Acquired Customer Base		5 to 15	$	842,000	$	416,000	$	426,000
Know How		15		512,000		222,000		290,000
Trade Names		Indefinite		326,000		-		326,000
Patents		20		124,000		-		124,000
Biomedical Technologies		5		260,000		155,000		105,000
			$	2,064,000	$	793,000	$	1,271,000

	Useful		Gross		Accumulated
September 30, 2014	Life (years)		Amount		Amortization		Net
Acquired Customer Base		5 to 15	$	877,000	$	409,000	$	468,000
Know How		15		512,000		213,000		299,000
Trade Names		Indefinite		339,000		-		339,000
Patents		20		159,000		-		159,000
Biomedical Technologies		5		260,000		142,000		118,000
			$	2,147,000	$	764,000	$	1,383,000

Amortization expense for the three months ended December 31, 2014 and 2013 was $43,000 and $45,000, respectively. Estimated amortization expense for each of the next five fiscal years is as follows:

	2015 (9 months)		2016		2017		2018		2019		Thereafter		Total
Acquired Customer Base	$	60,000	$	80,000	$	80,000	$	80,000	$	80,000	$	46,000	$	426,000
Know How		26,000		34,000		34,000		34,000		34,000		128,000		290,000
Patents		6,000		6,000		6,000		6,000		6,000		94,000		124,000
Biomedical Technologies		45,000		60,000		-		-		-		-		105,000
	$	137,000	$	180,000	$	120,000	$	120,000	$	120,000	$	268,000	$	945,000