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4. INTANGIBLE ASSETS AND GOODWILL (Tables)
 12 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

The Company’s intangible assets consist of the following:

  

    September 30, 2020     September 30, 2019  
    Trademark     Customer Relationships     Total Intangible Assets     Trademark     Customer Relationships     Total Intangible Assets  
                                     
Gross carrying amount   $ 585,000     $ 1,390,000     $ 1,975,000     $ 475,000     $ 1,050,000     $ 1,525,000  
Less accumulated amortization     (86,000 )     (358,000 )     (444,000 )     (54,000 )     (222,000 )     (276,000 )
Net carrying amount   $ 499,000     $ 1,032,000     $ 1,531,000     $ 421,000     $ 828,000     $ 1,249,000  
Estimated amortization expense

At September 30, 2020, estimated amortization expense for the Company’s intangible assets for each of the next five years and thereafter is as follows:

 

Years Ending September 30,   Amount  
2021   $ 213,000  
2022     213,000  
2023     213,000  
2024     213,000  
2025     213,000  
Thereafter     466,000  
Total   $ 1,531,000  
Schedule of Goodwill

Below is the rollforward of goodwill for the design segment, the only reportable segment with goodwill.

 

    Design Segment     Consolidated  
Balance at September 30, 2019   $ 2,183,000     $ 2,183,000  
                 
Acquisition of Kablooe     591,000       591,000  
IPS goodwill impairment     (1,015,000 )     (1,015,000 )
                 
Balance September 30, 2020   $ 1,759,000     $ 1,759,000