Intangible Assets (Tables)

12 Months Ended

Sep. 30, 2015

Intangible Assets Tables

Intangible assets

2015	Weighted Average Useful Life (yrs)		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Patent & royalty agreements		7.99	$	21,170,565	$	(3,742,188	)	$	17,428,377
Developed technology		8.11		7,442,186		(1,291,876	)		6,150,310
Customer relationships		8.05		2,538,496		(387,385	)		2,151,111
Trade name		9.55		310,762		(190,064	)		120,698
Website		3.0		50,386		(16,795	)		33,591
Total				31,512,395		(5,628,308	)		25,884,087
2014	Weighted Average Useful Life (yrs)		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Patent & royalty agreements		7.99	$	21,170,565	$	(2,405,668	)	$	18,764,897
Developed technology		8.97		6,190,083		(318,054	)		5,872,029
Customer relationships		7.7		1,860,000		(81,447	)		1,778,553
Trade name		9.64		291,486		(13,725	)		277,761
Website		3.0		50,386		-			50,386
Total				29,562,520		(2,818,894	)		26,743,626

Future amortization

Fiscal Year	Amortization		Patent		STOP Royalty
2016		2,720,017		5,556		450,000
2017		2,720,017		5,556		450,000
2018		2,703,221		5,556		450,000
2019		2,699,518		1,852		450,000
2020		2,500,351				450,000
Thereafter		12,540,965				1,537,500
Total		25,884,087		18,519		3,787,500

Goodwill

	September 30,
	2015			2014
Balance - beginning of year	$	6,577,609		$	-
Additions resulting from acquisitions:
Acquisition of GPS Global Tracking & Surveillance, Ltd.		-			3,381,000
Acquisition of Emerge Monitoring, Inc.		-			3,381,754
Acquisition of Track Group Analytics Limited		1,653,815			-
Effect of foreign currency translation on goodwill		(448,521	)		(185,145	)
Balance - end of year	$	7,782,903		$	6,577,609