Intangible Assets

6 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 5 – Intangible Assets

Intangible assets at March 31, 2015 and September 30, 2014 consist of the following:

	Useful	Gross		Accumulated
March 31, 2015	Life (years)	Amount		Amortization		Net
Acquired Customer Base	5 to 15	$	808,000	$	419,000	$	389,000
Know How	15		512,000		230,000		282,000
Trade Names	Indefinite		310,000		-		310,000
Patents	20		164,000		-		164,000
Biomedical Technologies	5		260,000		170,000		90,000
		$	2,054,000	$	819,000	$	1,235,000

	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 March 31, 2015 and 2014 was $42,000 and $44,000, respectively. Amortization expense for the six months ended March 31, 2015 and 2014 was $85,000 and $89,000, respectively.

 

Estimated amortization expense for each of the next five fiscal years is as follows:

	2015 (6 months)		2016		2017		2018		2019		Thereafter		Total
Acquired Customer Base	$	40,000	$	80,000	$	80,000	$	80,000	$	80,000	$	29,000	$	389,000
Know How		17,000		34,000		34,000		34,000		34,000		129,000		282,000
Patents		8,000		8,000		8,000		8,000		8,000		124,000		164,000
Biomedical Technologies		30,000		60,000		-		-		-		-		90,000
	$	95,000	$	182,000	$	122,000	$	122,000	$	122,000	$	282,000	$	925,000