XML 36 R18.htm IDEA: XBRL DOCUMENT v3.2.0.727
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets include the value assigned to completed technology, customer relationships, and trade names. The estimated useful lives for all of these intangible assets, range from five to six years. Intangible assets are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Amortization Period

 

Cost

 

 

Accumulated Amortization

 

 

Net

 

Completed technologies

 

6 years

 

$

2,370,000

 

 

$

12,509

 

 

$

2,357,491

 

Customer relationships

 

6 years

 

 

970,000

 

 

 

9,657

 

 

 

960,343

 

Tradenames

 

5 years

 

 

230,000

 

 

 

1,491

 

 

 

228,509

 

Total intangible assets

 

 

 

$

3,570,000

 

 

$

23,657

 

 

$

3,546,343

 

 
Schedule of Estimated Future Amortization Expense

The estimated future amortization expense related to intangible assets for each of the five succeeding fiscal years is expected to be as follows:

 

 

 

Estimated Future Amortization Expense

 

2015 (remaining three months)

 

$

148,772

 

2016

 

 

602,667

 

2017

 

 

602,667

 

2018

 

 

602,667

 

2019

 

 

602,667

 

Thereafter

 

 

986,903

 

 

 

$

3,546,343