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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Sep. 30, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS |
GOODWILL AND OTHER INTANGIBLE ASSETS | 6. GOODWILL AND OTHER INTANGIBLE ASSETS: Goodwill at September 2024 and September 2023 was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September |  | September
​ | ​ | 2024 | ​ | 2023
Balance, beginning of period | ​ | $ | 5,778,325 | ​ | $ | 5,277,950
Acquisition of Henry's | ​ |  | — | ​ |  | 500,375
Balance, end of period | ​ | $ | 5,778,325 | ​ | $ | 5,778,325
​ Other intangible assets at September 2024 and September 2023 consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September |  | September
​ | ​ | 2024 | ​ | 2023
Customer lists (Wholesale Segment) (less accumulated amortization of $0.5 million at September 2024 and $0.2 million at September 2023) | ​ | $ | 2,996,348 | ​ | $ | 3,226,480
Non-competition agreements (Wholesale Segment) (less accumulated amortization of $0.2 million at September 2024 and $0.1 million at September 2023) | ​ | ​ | 106,505 | ​ | ​ | 199,503
Tradename (Wholesale Segment) (less accumulated amortization of $0.4 million at September 2024 and $0.1 million at September 2023) | ​ | ​ | 1,144,381 | ​ | ​ | 1,358,952
Trademarks and tradenames (Retail Segment) | ​ | ​ | 500,000 | ​ | ​ | 500,000
​ | ​ | $ | 4,747,234 | ​ | $ | 5,284,935
​ Goodwill, trademarks and tradenames are considered to have indefinite useful lives and therefore no amortization has been taken on these assets. Goodwill recorded on the Company’s consolidated balance sheets represents amounts allocated to its wholesale reporting unit which totaled approximately $5.8 million at both September 2024 and September 2023. The Company determined that the estimated fair value of its wholesale reporting unit exceeded its carrying value at both September 2024 and September 2023. ​ At September 2024, identifiable intangible assets considered to have finite lives were represented by customer lists which are being amortized over 15 years, a non-competition agreement which is being amortized over three years, a non-competition agreement which is being amortized over five years, and a tradename in our Wholesale Segment that is being amortized over seven years. These intangible assets are evaluated for accelerated attrition or amortization adjustments if warranted. Amortization expense related to these assets was $0.5 million and $0.4 million during fiscal 2024 and fiscal 2023, respectively. ​ Estimated future amortization expense related to identifiable intangible assets with finite lives was as follows at September 2024: ​
​ | ​ | ​ | ​
​ | ​ | September
​ |  | 2024
Fiscal 2025 | ​ | $ | 506,869
Fiscal 2026 | ​ | ​ | 463,703
Fiscal 2027 | ​ | ​ | 463,703
Fiscal 2028 | ​ | ​ | 451,043
Fiscal 2029 | ​ | ​ | 444,703
Fiscal 2030 and thereafter | ​ | ​ | 1,917,213
​ | ​ | $ | 4,247,234
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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