Intangible Assets

12 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 6 – Intangible Assets

Intangible assets, at September 30, 2018 and 2017, consist of the following:

	Useful	Gross		Accumulated
September 30, 2018	Life (years)	Amount		Amortization		Net
Acquired Customer Base	5 to 15	$	719,000	$	601,000	$	118,000
Know How	15		512,000		350,000		162,000
Trade Name	Indefinite		272,000		-		272,000
Patents	20		223,000		20,000		203,000
Biomedical Technologies	5		260,000		260,000		-
		$	1,986,000	$	1,231,000	$	755,000

	Useful	Gross		Accumulated
September 30, 2017	Life (years)	Amount		Amortization		Net
Acquired Customer Base	5 to 15	$	737,000	$	551,000	$	186,000
Know How	15		512,000		316,000		196,000
Trade Name	Indefinite		281,000		-		281,000
Patents	20		333,000		9,000		324,000
Biomedical Technologies	5		260,000		260,000		-
		$	2,123,000	$	1,136,000	$	987,000

Amortization expense for the years ended September 30, 2018 and 2017 was $112,000 and $104,000, respectively. In fiscal year 2018, the Company recorded an impairment of $182,000. 

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

	2019		2020		2021		2022		2023		Thereafter		Total
Acquired Customer Base	$	80,000	$	38,000	$	-	$	-	$	-	$	-	$	118,000
Know How		34,000		34,000		34,000		34,000		26,000		-		162,000
Patents		15,000		15,000		15,000		15,000		15,000		128,000		203,000
	$	129,000	$	87,000	$	49,000	$	49,000	$	41,000	$	128,000	$	483,000