XML 1021 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.8

10. INTANGIBLE ASSETS | 9 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2013 | Sep. 30, 2012
Notes to Financial Statements |  |
10. INTANGIBLE ASSETS | Intangible assets as of June 30, 2013 and September 30, 2012 consisted of the following:
| Estimated |  | June 30, |  |  | September 30, |
| Useful Lives |  | 2013 |  |  | 2012 |
Customer contracts | 5 years |  | $ | 983,645 |  |  | $ | 983,645 |
Technology | 5 years |  |  | 712,500 |  |  | $ | 712,500 |
Less: accumulated amortization |  |  |  | (840,456 | ) |  |  | (586,034 | )
Intangible assets, net |  |  | $ | 855,689 |  |  | $ | 1,110,111 |
Total amortization expense was $254,422 and $215,047 for the nine months ended June 30, 2013 and 2012, respectively. The fair value of the TransTech intellectual property acquired was $983,645, estimated by using a discounted cash flow approach based on future economic benefits associated with agreements with customers, or through expected continued business activities with its customers. In summary, the estimate was based on a projected income approach and related discounted cash flows over five years, with applicable risk factors assigned to assumptions in the forecasted results. The fair value of the RATLab intellectual property associated with the assets acquired was $450,000 estimated by using a discounted cash flow approach based on future economic benefits. In summary, the estimate was based on a projected income approach and related discounted cash flows over five years, with applicable risk factors assigned to assumptions in the forecasted results. The fair value of the Javelin intellectual property acquired was $262,500 estimated by using a discounted cash flow approach based on future economic benefits associated with the assests acquired. In summary, the estimate was based on a projected income approach and related discounted cash flows over five years, with applicable risk factors assigned to assumptions in the forecasted results. |
10. | INTANGIBLE ASSETS
Intangible assets as of September 30, and 2012 and 2011 consisted of the following:
| Estimated |  | September 30, |  |  | September 30, |
| Useful Lives |  | 2012 |  |  | 2011 |
Customer contracts | 5 years |  | $ | 983,645 |  |  | $ | 983,645 |
Technology | 5 years |  |  | 712,500 |  |  | $ | 450,000 |
Less: accumulated amortization |  |  |  | (586,034 | ) |  |  | (290,555 | )
Intangible assets, net |  |  | $ | 1,110,111 |  |  | $ | 1,143,090 |
Total amortization expense was $295,479 and $224,979 for the year ended September 30, 2012 and 2011, respectively. The fair value of the TransTech intellectual property acquired was $983,645, estimated by using a discounted cash flow approach based on future economic benefits associated with agreements with customers, or through expected continued business activities with its customers. In summary, the estimate was based on a projected income approach and related discounted cash flows over five years, with applicable risk factors assigned to assumptions in the forecasted results. The fair value of the RATLab intellectual property associated with the assets acquired was $450,000 estimated by using a discounted cash flow approach based on future economic benefits.. In summary, the estimate was based on a projected income approach and related discounted cash flows over five years, with applicable risk factors assigned to assumptions in the forecasted results. The fair value of the Javelin intellectual property acquired was $262,500 estimated by using a discounted cash flow approach based on future economic benefits associated with the assets acquired. In summary, the estimate was based on a projected income approach and related discounted cash flows over five years, with applicable risk factors assigned to assumptions in the forecasted results.

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | VSUL_NotesToFinancialStatementsAbstract
Namespace Prefix: | VSUL_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration