INTANGIBLE ASSETS

12 Months Ended

Sep. 30, 2016

Intangible Assets, Net (Excluding Goodwill) [Abstract]

INTANGIBLE ASSETS

NOTE E – INTANGIBLE ASSETS

Intangible assets at September 30, 2016 and 2015 are as follows:

	2016			2015
Internally developed software (5-year useful life)	$	411,199	$		298,797
Customer relationships (10-year useful life)		621,000			621,000
Intellectual property (5-15 years)		917,350			917,350
		1,949,549			1,837,147
Less:
Accumulated amortization		423,649			238,368
Intangible assets, net	$	1,525,900		$	1,598,779

Total amortization expense charged to operations for the fiscal years ended September 30, 2016 and 2015 were $254,284 and $96,891, respectively.

The following table presents the estimated amortization expense of the intangible assets for each of the five succeeding years as of September 30, 2016:

	Amount
2017	$	243,177
2018		197,031
2019		149,357
2020		174,207
2021		174,207
Thereafter		587,921
Total	$	1,525,900