Note 6 - Intangibles

12 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE

6.

INTANGIBLES

Intangibles consisted of the following at

September 30, 2020

and

2019

:

	September 30, 2020
Intangible asset	Cost		Accumulated Amortization		Carrying Value		Estimated Useful Life (years)
Customer relationships	$	17,467,000	$	5,988,000	$	11,479,000	3 - 10
Brand name		1,075,000		282,000		793,000	1 - 5
Software license		45,000		41,000		4,000	3
	$	18,587,000	$	6,311,000	$	12,276,000

	September 30, 2019
Intangible asset	Cost		Accumulated Amortization		Carrying Value		Estimated Useful Life (years)
Customer relationships	$	9,326,000	$	4,614,000	$	4,712,000	3 - 10
Brand name		710,000		—		710,000	Indefinite
Software license		45,000		26,000		19,000	3
	$	10,081,000	$	4,640,000	$	5,441,000

Amortization expense for the years ended

September 30, 2020

and

2019

was 

$1,848,000

and

$1,104,000

, respectively. During

2020,

the Company began to amortize the brand name considered indefinite in the prior year over a period of

three

years as a result of a name change.  

The estimated future amortization expense of the finite lived intangible assets for the next

five

fiscal years and thereafter is as follows:

Year ended September 30,
2021	$	2,276,000
2022		2,154,000
2023		1,586,000
2024		1,242,000
2025		1,130,000
Thereafter		3,888,000
Total	$	12,276,000