Intangible Assets

9 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 6 – Intangible Assets

Intangible assets at June 30, 2016 and September 30, 2015 consist of the following:

	Useful	Gross		Accumulated
June 30, 2016	Life (years)	Amount		Amortization		Net
Acquired Customer Base	5 to 15	$	737,000	$	468,000	$	269,000
Know How	15		512,000		273,000		239,000
Trade Names	Indefinite		280,000		-		280,000
Patents	20		298,000		5,000		293,000
Biomedical Technologies	5		260,000		245,000		15,000
		$	2,087,000	$	991,000	$	1,096,000

	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 June 30, 2016 and 2015 was $43,000 and $43,000, respectively. Amortization expense for the nine months ended June 30, 2016 and 2015 was $129,000 and $128,000, respectively.

 

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

	2016 (3 months)		2017		2018		2019		2020		Thereafter		Total
Acquired Customer Base	$	20,000	$	80,000	$	80,000	$	80,000	$	9,000	$	-	$	269,000
Know How		9,000		34,000		34,000		34,000		34,000		94,000		239,000
Patents		2,000		6,000		6,000		6,000		6,000		61,000		87,000
Biomedical Technologies		15,000		-		-		-		-		-		15,000
	$	46,000	$	120,000	$	120,000	$	120,000	$	49,000	$	155,000	$	610,000

As of June 30, 2016, Xcede has $206,000 in patents that have not been granted, therefore, the amortization related to these patents is not included in the five-year amortization table above.