2. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Intangible Assets (Policies)

12 Months Ended

Sep. 30, 2018

Policies

Intangible Assets

Intangible Assets

Intangible assets have either an identifiable or indefinite useful life. Intangible assets with identifiable useful lives are amortized on a straight-line basis over their economic or legal life, whichever is shorter. The Company’s amortizable intangible asset consists of customer list which, recognized as a result of the acquisition of NuZee JAPAN Co., Ltd, has an estimated useful life of 5 years.

As of September 30, 2018, the intangible assets consist of:

	September 30, 2018
	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount
Amortized intangible assets:
Customer List	$ 57,374	($22,950)	$ 34,424
Total	$ 57,374	($22,950)	$ 34,424

No significant residual value is estimated for the intangible asset. Aggregate amortization expense for the years ended September 30, 2018, and September 30, 2017, totaled $11,475 and $11,475, respectively. The following table represents the total estimated amortization of intangible assets for the next five years:

For the Year Ending September 30	Estimated Amortization Expense
2019	$ 11,475
2020	$ 11,475
2021	$ 11,474