Intangible Assets, Goodwill and Acquisitions

9 Months Ended

Jun. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets, Goodwill and Acquisitions

7.Intangible Assets, Goodwill and Acquisitions

Identifiable intangible assets consist of acquired customer contracts and relationships, trademarks and non-compete agreements. Amortization expense related to intangible assets was $13,936 and $29,247 for the three months ended June 30, 2019 and 2018, respectively. Amortization expense related to intangible assets was $42,873 and $89,611 for the nine months ended June 30, 2019 and 2018, respectively. These assets are amortized over their estimated useful lives of which the reasonableness is continually evaluated by the Company.

Intangible assets as of June 30, 2019 and September 30, 2018 consisted of the following:

		June 30, 2019					September 30, 2018
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Customer relationships	6-21 yrs.	$	638,204	$	(380,144	)	$	622,710	$	(337,800	)
Trademarks⁽¹⁾	4-12 yrs.		4,800		(1,583	)		230,900		(227,520	)
Non-compete agreements	5 yrs.		2,740		(522	)		2,320		(155	)
Total intangible assets		$	645,744	$	(382,249	)	$	855,930	$	(565,475	)

(1)

During the nine months ended June 30, 2019, the Company wrote off $226,100 of fully amortized trademarks

The following is a summary of the activity for the periods ended September 30, 2018 and June 30, 2019 for goodwill:

	Maintenance Services		Development Services		Total
Balance, September 30, 2017	$	1,523,299	$	180,474	$	1,703,773
Acquisitions		49,064		13,924		62,988
Balance, September 30, 2018		1,572,363		194,398		1,766,761
Acquisitions		39,781		—		39,781
Balance, June 30, 2019	$	1,612,144	$	194,398	$	1,806,542