Intangible Assets

3 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Intangible Assets

The following table summarizes the activity of intangible assets for the first fiscal quarter ended December 31, 2015:

	December 31, 2015			September 30, 2015
Other intangible assets:
Patent & royalty agreements		21,170,565			21,170,565
Technology		7,841,454			7,442,186
Customer relationships		2,516,140			2,538,496
Trade name		310,700			310,762
Website		78,201			50,386
Total intangible assets		31,917,060			31,512,395
Accumulated amortization		(6,253,294	)		(5,628,308	)
Intangible assets, net of  accumulated amortization	$	25,663,766		$	25,884,087

The intangible assets summarized above were purchased on various dates from January 2010 through December 2015. The assets have useful lives ranging from three to ten years. Amortization expense for the three months ended December 31, 2015 and 2014 was $523,948 and $470,993, respectively.