Intangible Assets, Goodwill and Acquisitions

9 Months Ended

Jun. 30, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets, Goodwill and Acquisitions

6.Intangible Assets, Goodwill and Acquisitions

Identifiable intangible assets consist of acquired customer contracts and relationships, trademarks and internally developed software. Amortization expense related to intangible assets was $89,611 and $94,800 for the nine months ended June 30, 2018 and 2017, respectively. These assets are amortized over their estimated useful lives which range from 6 to 21 years for customer relationships, and 4 to 12 years for trademarks. The Company continually evaluates the reasonableness of the useful lives of these assets.

Intangible assets as of June 30, 2018 and September 30, 2017 consisted of the following:

	June 30, 2018					September 30, 2017
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Customer relationships	$	624,530	$	(322,702	)	$	600,515	$	(275,993	)
Trademarks		230,900		(227,441	)		230,900		(184,151	)
Total intangible assets	$	855,430	$	(550,143	)	$	831,415	$	(460,144	)

The following is a summary of the activity for the periods ended September 30, 2017 and June 30, 2018 for goodwill:

	Maintenance Services		Development Services		Total
Balance, January 1, 2017	$	1,486,640	$	180,474	$	1,667,114
Acquisitions		36,659		—		36,659
Balance, September 30, 2017		1,523,299		180,474		1,703,773
Acquisitions		54,525		13,924		68,449
Balance, June 30, 2018	$	1,577,824	$	194,398	$	1,772,222