INTANGIBLE ASSETS NET

12 Months Ended

Sep. 30, 2011

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

NOTE 8 — INTANGIBLE ASSETS, NET

The following table is a summary of intangible assets:

	As of			As of
	September 30,			September 30,
	2011			2010
Goodwill	$	2,792		$	2,792
Customer relationships	$	3,804		$	3,804
Covenants not to compete		500			500
		4,304			4,304
Less: Accumulated amortization		(1,399	)		(1,293	)
Intangibles, net	$	2,905		$	3,011

The above noted intangible assets are being amortized on a straight-line basis. Customer relationships are being amortized over a 15 year useful life; contracts not to compete had been amortized over a 2 year useful life based on the estimated economic benefit. Amortization expense for the years ended September 30, 2011 and 2010 was $106 and $331.

The following is a summary of amortization expense for the next five fiscal years and thereafter:

Fiscal Year ended
September 30,
2012	$	254
2013		254
2014		254
2015		254
2016		254
Thereafter		1,635
	$	2,905