INTANGIBLE ASSETS

12 Months Ended

Sep. 30, 2017

Intangible Assets, Net (Excluding Goodwill) [Abstract]

INTANGIBLE ASSETS

NOTE D – INTANGIBLE ASSETS

Intangible assets at September 30, 2017 and 2016 are as follows:

	2017		2016
Internally developed software (5-year useful life)	$	157,221	$	411,199
Customer relationships (10-year useful life)		621,000		621,000
Intellectual property (5-15 years)		917,350		917,350
		1,695,571		1,949,549
Less:
Accumulated amortization		653,495		423,649
Intangible assets, net	$	1,042,076	$	1,525,900

Total amortization expense charged to operations for the fiscal years ended September 30, 2017 and 2016 were $483,823 and $254,284, respectively. Impairment expense of $253,977 relating to internally developed software was included in amortization expense included in depreciation and amortization within the consolidated statements of operations for the fiscal year ended September 30, 2017.

The following table presents the estimated amortization expense of the intangible assets for each of the five succeeding years as of September 30, 2017:

	Amount
2018	$	139,641
2019		91,967
2020		114,448
2021		114,448
2022		114,448
Thereafter		467,124
Total	$	1,042,076