GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Mar. 31, 2021

GOODWILL AND OTHER INTANGIBLE ASSETS

3. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill at March 2021 and September 2020 was as follows:


	March		September
	2021		2020
Wholesale Segment	$	4,436,950	$	4,436,950

Other intangible assets at March 2021 and September 2020 consisted of the following:


	March		September
	2021		2020
Trademarks and tradenames (Retail Segment)	$	500,000	$	500,000

Goodwill, trademarks and tradenames are considered to have indefinite useful lives and therefore no amortization has been taken on these assets. Goodwill recorded on the Company’s consolidated balance sheet represents amounts allocated to its wholesale reporting unit which totaled $4.4 million at both March 2021 and September 2020. The Company performs its annual impairment testing during the fourth fiscal quarter of each year or as circumstances change or necessitate. There have been no material changes to the Company’s impairment assessments since its fiscal year ended September 2020.