INTANGIBLE ASSETS

12 Months Ended

Sep. 30, 2018

Intangible Assets, Net (Excluding Goodwill) [Abstract]

INTANGIBLE ASSETS

NOTE D – INTANGIBLE ASSETS

Intangible assets at September 30, 2018 and 2017 are as follows:

	2018		2017
Internally developed software (5-year useful life)	$	157,221	$	157,221
Customer relationships (10-year useful life)		621,000		621,000
Intellectual property (5-15 years)		917,350		917,350
		1,695,571		1,695,571
Less:
Accumulated amortization		831,368		653,495
Intangible assets, net	$	864,203	$	1,042,076

Total amortization expense charged to operations for the fiscal years ended September 30, 2018 and 2017 were $177,872 and $483,823, 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, 2018:

	Amount
2019	$	129,435
2020		129,435
2021		91,967
2022		91,967
2023		91,967
Thereafter		329,432
Total	$	864,203