Intangible Assets

9 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 5 – Intangible Assets

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

	Useful	Gross		Accumulated
June 30, 2015	Life (years)	Amount		Amortization		Net
Acquired Customer Base	5 to 15	$	851,000	$	458,000	$	393,000
Know How	15		512,000		239,000		273,000
Trade Names	Indefinite		329,000		-		329,000
Patents	20		182,000		-		182,000
Biomedical Technologies	5		260,000		185,000		75,000
		$	2,134,000	$	882,000	$	1,252,000
	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 June 30, 2015 and 2014 was $43,000 and $44,000, respectively. Amortization expense for the nine months ended June 30, 2015 and 2014 was $128,000 and $133,000, respectively.

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

	2015 (3 months)		2016		2017		2018		2019		Thereafter		Total
Acquired Customer Base	$	20,000	$	80,000	$	80,000	$	80,000	$	80,000	$	53,000	$	393,000
Know How		9,000		34,000		34,000		34,000		34,000		128,000		273,000
Patents		2,000		9,000		9,000		9,000		9,000		144,000		182,000
Biomedical Technologies		15,000		60,000		-		-		-		-		75,000
	$	46,000	$	183,000	$	123,000	$	123,000	$	123,000	$	325,000	$	923,000