| Schedule of Intangible Assets |
The following tables shows goodwill, and finite-lived intangible assets, accumulated amortization, and the impairment charges:
| | | | | | | | | |
September 30, 2020
| | | | | | | | | |
| | Cost
| | Accumulated Amortization
| | Net Book Value
| | Impairment
| | Total
|
Goodwill
| $ 834,220
| | $ -
| | $ 834,220
| | $ -
| | $ 834,220
|
Finite-lived assets:
| | | | | | | | | |
Customer list
| $ 881,000
| | $ (168,293)
| | $ 712,707
| | $ -
| | $ 712,707
|
Vendor relationships
| 471,096
| | (95,797)
| | 375,299
| | -
| | 375,299
|
Capitalized product development costs
| 281,845
| | (14,048)
| | 267,797
| | -
| | 267,797
|
| | $ 1,633,941
| | $ (278,138)
| | $ 1,355,803
| | $ -
| | $1,355,803
|
| | | | | | | | | | |
June 30, 2020
| | | | | | | | | |
| | Cost
| | Accumulated Amortization
| | Net Book Value
| | Impairment
| | Total
|
Goodwill
| $ 1,634,507
| | $ -
| | $ 1,634,507
| | $ (800,287)
| | $ 834,220
|
Finite-lived assets:
| | | | | | | | | |
Customer list
| $ 881,000
| | $ (132,147)
| | $ 748,853
| | $ -
| | $ 748,853
|
Vendor relationships
| 479,000
| | (71,847)
| | 407,153
| | -
| | 407,153
|
Noncompete agreements
| 1,600,000
| | (400,000)
| | 1,200,000
| | (1,200,000)
| | -
|
Capitalized product development costs
| 281,845
| | (1,536)
| | 280,309
| | -
| | 280,309
|
| | $ 3,241,845
| | $ (605,530)
| | $ 2,636,315
| | $(1,200,000)
| | $1,436,315
|
|
Goodwill and intangible assets are comprised of the following at June 30, 2020:
| | | | | |
| |
Cost
|
Accumulated
Amortization
|
Net Book
Value
|
Impairment
|
Total
|
Goodwill
| $ 1.634.507
| $ -
| $1,634,507
| $ (800,287)
| $834,220
|
Finite-lived assets:
| | | | | |
Customer list
| $ 881,000
| $ (132,147)
| $ 748,853
| $ -
| $748,853
|
Vendor relationships
| 479,000
| (71,847)
| 407,153
| -
| 407,153
|
Noncompete agreement
| 1,600,000
| (400,000)
| 1,200,000
| (1,200,000)
| -
|
Product development costs
| 81,845
| (1,536)
| 280,309
| -
| 280,309
|
| | $ 3,241,845
| $ (605,530)
| $2,636,315
| $(1,200,000)
| $1,436,315
| |