Goodwill

6 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table summarizes the activity of goodwill at March 31, 2016 and September 30, 2015, respectively:

	March 31,		September 30,
	2016		2015
Balance - beginning of period	$	7,782,903	$	6,577,609
Additions resulting from acquisitions:
Acquisition of Track Group Analytics Limited		-		1,653,815
Effect of foreign currency translation on goodwill		167,669		(448,521	)
Balance - end of period	$	7,950,572	$	7,782,903

Goodwill is recognized in connection to acquisition transactions in accordance with ASC 805. The Company performs an impairment test for goodwill annually or more frequently if indicators of potential impairment exist. No impairment of goodwill had been recognized through March 31, 2016.