Intangible Assets

3 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 6 – Intangible Assets

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

	Useful	Gross		Accumulated
December 31, 2015	Life (years)	Amount		Amortization		Net
Acquired Customer Base	5 to 15	$	807,000	$	473,000	$	334,000
Know How	15		512,000		256,000		256,000
Trade Names	Indefinite		310,000		-		310,000
Patents	20		254,000		2,000		252,000
Biomedical Technologies	5		260,000		215,000		45,000
		$	2,143,000	$	946,000	$	1,197,000

	Useful	Gross		Accumulated
September 30, 2015	Life (years)	Amount		Amortization		Net
Acquired Customer Base	5 to 15	$	824,000	$	464,000	$	360,000
Know How	15		512,000		248,000		264,000
Trade Names	Indefinite		318,000		-		318,000
Patents	20		223,000		-		223,000
Biomedical Technologies	5		260,000		200,000		60,000
		$	2,137,000	$	912,000	$	1,225,000

Amortization expense for the three months ended December 31, 2015 and 2014 was $44,000 and $43,000, respectively.

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

	2016 (9 months)		2017		2018		2019		2020		Thereafter		Total
Acquired Customer Base	$	60,000	$	80,000	$	80,000	$	80,000	$	34,000	$	-	$	334,000
Know How		26,000		34,000		34,000		34,000		34,000		94,000		256,000
Patents		5,000		6,000		6,000		6,000		6,000		61,000		90,000
Biomedical Technologies		45,000		-		-		-		-		-		45,000
	$	136,000	$	120,000	$	120,000	$	120,000	$	74,000	$	155,000	$	725,000