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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Mar. 31, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of goodwill by reporting segment

 

 

March
2014

 

September
2013

 

Wholesale Segment

 

$

4,436,950

 

$

4,436,950

 

Retail Segment

 

1,912,877

 

1,912,877

 

 

 

$

6,349,827

 

$

6,349,827

 

Schedule of other intangible assets

 

 

 March
 2014

 

September
 2013

 

Trademarks and tradenames

 

$

3,373,269

 

$

3,373,269

 

Non-competition agreement (less accumulated amortization of $0.3 million and $0.2 million at March 2014 and September 2013, respectively)

 

216,667

 

266,667

 

Customer relationships (less accumulated amortization of $1.1 million and $0.9 million at March 2014 and September 2013, respectively)

 

1,048,542

 

1,181,042

 

 

 

$

4,638,478

 

$

4,820,978

 

Schedule of estimated future amortization expense related to identifiable intangible assets with finite lives

Estimated future amortization expense related to identifiable intangible assets with finite lives is as follows at March 2014:

 

Customer relationships

 

March
 2014

 

Fiscal 2014 (1)

 

$

182,500

 

Fiscal 2015

 

365,000

 

Fiscal 2016

 

331,667

 

Fiscal 2017

 

265,000

 

Fiscal 2018

 

79,375

 

Thereafter

 

41,667

 

 

 

$

1,265,209

 

 

(1) Represents amortization for the remaining six months of Fiscal 2014.