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6. INTANGIBLE ASSETS
 3 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
6. INTANGIBLE ASSETS

6. INTANGIBLE ASSETS

 

The Company amortizes intangible assets with finite lives over their estimated useful lives, which range between two and twenty years as follows:

 

  Useful life
Patents     15-20 years
Websites     3 years
Customer list and non-compete agreement     3-4 years
Design assets     2 years
Trademarks     14 years
Engineering trade secrets     7 years
Strategic contract     5 years
Software     2–3 years

 

 

Intangible assets consist of the following as of December 31, 2020 and September 30, 2020:

 

   December 31, 2020  September 30, 2020
Patents  $74,112   $74,112
Websites   8,115    8,115
Customer list and non-compete agreement   6,702,024    6,702,024
Design assets   123,000    123,000
Trademarks   5,928    5,928
Trade secrets   4,370,269    4,370,269
Software   1,120,000    1,120,000
Strategic Contract   7,457,970    — 
Intangible assets:   19,861,418    12,403,448
Less: accumulated amortization   (6,220,997)   (5,353,792)
Intangible assets, net  $13,640,421   $7,049,656

 

Amortization expense for the three months ended December 31, 2020 and 2019 was $867,205, including $12,683 recorded to cost of revenues, and $613,115, respectively.

 

The Company expects to record amortization expense of intangible assets over the next 5 years and thereafter as follows:

        
 2021   $3,224,597 
 2022    4,003,379 
 2023    2,486,842 
 2024    2,100,124 
 2025    1,491,800 
 Thereafter    333,679 
 Total   $13,640,421