Business Combination (Tables)

12 Months Ended

Sep. 30, 2015

Schedule of assets acquired and liabilities assumed

The purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values as follows:



Assets
Current assets	$	4,833,000
Fixed assets	482,000
Other assets	272,000
Intangible assets	8,350,000
Goodwill	6,531,000
Total Assets	20,468,000

Liabilities
Current liabilities	6,000,000
Long-term liabilities	5,628,000
Total Liabilities	11,628,000
Total Purchase Consideration	$	8,840,000

Schedule of carrying amount of intangible assets acquired

The following tables presents the intangible assets acquired, their carrying amount as of September 30, 2015 and 2014 and their estimated useful lives:



	September 30, 2015
Intangible asset	Fair Value		Accumulated Amortization		Carrying Value		Estimated Useful Life (years)
Customer relationships	$	6,969,000	$	1,292,000	$	5,677,000	7-10
Non-compete	296,000		296,000		—		2
Brands	1,654,000		—		1,654,000		Indefinite
Total	$	8,919,000	$	1,588,000	$	7,331,000



	September 30, 2014
Intangible asset	Fair Value		Accumulated Amortization		Carrying Value		Estimated Useful Life (years)
Customer relationships	$	6,400,000	$	613,000	$	5,787,000	10
Non-compete	296,000		142,000		154,000		2
Brands	1,654,000		—		1,654,000		Indefinite
Total	$	8,350,000	$	755,000	$	7,595,000

Schedule of estimated future amortization expense of the finite lived intangible assets

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,
2016	$	727,000
2017	721,000
2018	721,000
2019	721,000
2020	721,000
Thereafter	2,066,000
Total	5,677,000

Schedule of changes in the carrying value of goodwill

Changes in the carrying value of goodwill during the year ended September 30, 2014 and the amount of goodwill by reportable segment is as follows:



	Brokerage and Advisory Services		Tax and Accounting Services		Total
Balance as of October 1, 2013	$	—	$	—	$	—
Acquisition of Gilman in 2014	5,412,000		1,119,000		6,531,000
Balance as of September 30, 2014 and 2015	$	5,412,000	$	1,119,000	$	6,531,000

Schedule of pro forma consolidated results of operations

The following pro forma consolidated results of operations have been prepared as if the acquisition occurred at October 1, 2013:



	(Unaudited) Year Ended September 30, 2014
Revenues	$	185,896,000
Net Income attributable to common stockholders	$	18,005,000
Basic earnings per share	$	1.45
Diluted earnings per share	$	1.44
Weighted number of shares outstanding - basic	12,395,798
Weighted number of shares outstanding - diluted	12,482,037