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2. Basis of Presentation and Summary of Significant Accounting Policies: Intangible Assets (Policies)
12 Months Ended
Sep. 30, 2017
Policies  
Intangible Assets

Intangible Assets

Intangible assets have either an identifiable or indefinite useful life. Intangible assets with identifiable useful lives are amortized on a straight-line basis over their economic or legal life, whichever is shorter. The Company's amortizable intangible asset consists of customer list which, recognized as a result of the acquisition of NuZee JAPAN Co., Ltd, which has an estimated useful life of 5 years.

 

As of September 30, 2017,the intangible assets consist of :

 

  

 

September 30, 2017

 

  

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

  

 

Amount

 

 

Amortization

 

 

Amount

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

Customer List

 

$

57,374

 

 

(11,475

)

 

$

45,899

 

Total

 

$

57,374

 

 

(11,475

)

 

$

45,899

 

 

 

No significant residual value is estimated for the intangible asset. Aggregate amortization expense for the years ended September 30, 2017, and September 30, 2016, totaled $11,475 and $0, respectively. The following table represents the total estimated amortization of intangible assets for the next five years:

 

For the Year Ending September 30

Estimated Amortization Expense

2018

$11,475

2019

$11,475

2020

$11,475

2021

$11,474