Intangible Assets

3 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 5 – Intangible Assets

Intangible assets at December 31, 2016 and September 30, 2016 consist of the following:

	Useful	Gross		Accumulated
December 31, 2016	Life (years)	Amount		Amortization		Net
Acquired Customer Base	5 to 15	$	683,000	$	467,000	$	216,000
Know How	15		512,000		290,000		222,000
Trade Names	Indefinite		258,000		-		258,000
Patents	20		345,000		8,000		337,000
Biomedical Technologies	5		260,000		260,000		-
		$	2,058,000	$	1,025,000	$	1,033,000

	Useful	Gross		Accumulated
September 30, 2016	Life (years)	Amount		Amortization		Net
Acquired Customer Base	5 to 15	$	718,000	$	473,000	$	245,000
Know How	15		512,000		282,000		230,000
Trade Names	Indefinite		272,000		-		272,000
Patents	20		326,000		6,000		320,000
Biomedical Technologies	5		260,000		260,000		-
		$	2,088,000	$	1,021,000	$	1,067,000

Amortization expense for the three months ended December 31, 2016 and 2015 was $26,000 and $44,000, respectively.

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

	2017 (9 months)		2018		2019		2020		2021		Thereafter		Total
Acquired Customer Base	$	60,000	$	80,000	$	76,000	$	-	$	-	$	-	$	216,000
Know How		26,000		34,000		34,000		34,000		34,000		60,000		222,000
Patents		6,000		9,000		9,000		9,000		9,000		79,000		121,000
	$	92,000	$	123,000	$	119,000	$	43,000	$	43,000	$	139,000	$	559,000

As of December 31, 2016, Xcede had $216,000 in patents that have not been granted, therefore, the amortization related to these patents is not included in the five-year amortization table above.

The Company continually assesses whether events or changes in circumstances have occurred that may warrant revision of the estimated useful lives of its long-lived assets or whether the remaining balances of those assets should be evaluated for possible impairment. There were no changes, aside from foreign exchange rate fluctuations, in the carrying value of long-lived assets, during the three months ended December 31, 2016.