SOFTWARE (Tables)

12 Months Ended

Sep. 30, 2019

Intangible Assets Values

Software

The book value of the Company’s software as of September 30, 2019 and 2018 were as follows:

		September 30, 2019		September 30, 2018
				(Restated)
Software	$	3,917,921	$	5,121,311
Accumulated amortization		(2,866,523)		(2,867,476)
		1,051,398		2,253,835
Net effect of exchange rate		-		(17,388)
Total net book value	$	1,051,398	$	2,236,447

The aggregate amortization expense related to the software was $1,362,342 and $962,534 for the years ended September 30, 2019 and 2018, respectively, included in cost of revenues.  

The estimated future amortization expense of our software as of September 30, 2019 is as follows:

Year ending September 30		Amount
2020		$	561,791
2021			265,306
2022			134,827
2023			80,613
2024			8,861
Thereafter			-
Total		$	1,051,398