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Goodwill and Intangible Assets (Tables)
3 Months Ended
Dec. 31, 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

 

$

2,315,692

 

 

$

207,122

 

 

$

2,108,570

 

Customer relationships

 

6 years

 

 

947,772

 

 

 

84,771

 

 

 

863,001

 

Tradenames

 

5 years

 

 

224,730

 

 

 

24,122

 

 

 

200,608

 

Total intangible assets

 

 

 

$

3,488,194

 

 

$

316,015

 

 

$

3,172,179

 

 

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

 

2016 (remaining nine months)

 

$

439,239

 

2017

 

 

585,652

 

2018

 

 

585,652

 

2019

 

 

585,652

 

2020

 

 

573,907

 

Thereafter

 

 

402,077

 

Total

 

$

3,172,179