Intangible Assets, Net

12 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Note 6 - Intangible Assets, Net

The following table summarizes the Company’s definite-lived intangible assets:

	September 30, 2019
	Estimated Useful Life (Years)	Gross Carrying Amount		Additions		Accumulated Amortization			Net Carrying Value
Domain names	3	$	86,540	$	53,472	$	(51,542	)	$	88,470
Capitalized software costs towards VV Wallet	3		—		1,500,058		—			1,500,058
Website	3		120,333		151,750		(104,202	)		167,881
Software	3		—		17,486		(583	)		16,903
		$	206,873	$	1,722,766	$	(156,327	)	$	1,773,312

	September 30, 2018
	Estimated Useful Life (Years)	Gross Carrying Amount		Additions		Accumulated Amortization			Net Carrying Value
Domain names	3	$	1,350		85,190	$	(16,753	)	$	69,787
Website	3		—		120,333	$	(16,314	)	$	104,019
		$	1,350	$	205,523	$	(33,067	)	$	173,806

The Company uses the straight-line method to determine the amortization expense for its definite-lived intangible assets. The amortization expense related to the definite-lived intangible assets was $123,260 and $33,067 for Fiscal 2019 and Fiscal 2018.