XML 26 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
INTANGIBLE ASSETS AND GOODWILL
12 Months Ended
Sep. 30, 2011
INTANGIBLE ASSETS AND GOODWILL  
INTANGIBLE ASSETS AND GOODWILL
5. INTANGIBLE ASSETS AND GOODWILL
 
The  following  table  summarizes  the  components  of  intangible  assets as of
September 30:
 
                                             Soil Medic
                                               patent
                                               -------
Balance at September 30, 2009                 $ 212,038
  Additions                                          --
  Amortization                                  (49,891)
  Impairment                                         --
                                              ---------
Balance at September 30, 2010                 $ 162,147
  Additions                                          --
  Amortization                                  (49,891)
  Impairment                                    (19,000)
                                              ---------
Balance at September 30, 2011                 $  93,256
                                              =========
 
Weighted average remaining life at:
 
September 30, 2011                  2.2
September 30, 2010                  3.2
 
As of  September  30,  2010,  management  evaluated  the value of the  remaining
intangible asset and determined that the associated expected cash flow of future
revenues  exceeded the carrying  value of the asset.  Accordingly,  there was no
impairment necessary in fiscal 2010.
 
As of  September  30,  2011,  management  evaluated  the value of the  remaining
intangible  asset. It was determined  that the associated  expected cash flow of
future revenues required an impairment charge of $19,000.
 
The  amortization  expense was $49,891 and $49,891 for the years ended September
30,  2011 and 2010,  respectively.  Amortization  is  expected to be $41,447 for
fiscal years 2012, and 2013 and $10,362 for fiscal 2014.